Form 4: Tetra Technologies VP Jacek Mucha Reports Stock Transactions
SEC Form 4
Jacek Mucha, VP Finance and Treasurer at Tetra Technologies, reports the vesting of restricted stock units and subsequent tax withholding, resulting in adjustments to his holdings of common stock.
Summary
- On February 25, 2024, Jacek M. Mucha, VP Finance and Treasurer of Tetra Technologies, reported transactions involving restricted stock units (RSUs).
- A total of 9,711 RSUs vested and converted into common stock.
- Additionally, 6,417 RSUs vested and converted into common stock.
- A total of 4,142 shares were surrendered to cover tax obligations related to the vesting of RSUs granted on February 17, 2021, at a price of $3.79.
- Another 2,737 shares were surrendered to cover tax obligations related to the vesting of RSUs granted on February 21, 2022, at a price of $3.79.
- Following these transactions, Mucha directly owns 143,353 shares of Tetra Technologies common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The remaining unvested portion of the restricted stock unit award granted on February 21, 2022, will vest every six months until fully vested on February 25, 2025.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
Key Dates
| Date | Description |
|---|---|
| 02/17/2021 | Date of grant for some of the restricted stock units that vested. |
| 02/21/2022 | Date of grant for some of the restricted stock units that vested. |
| 02/25/2024 | Date of the reported transactions (vesting of RSUs and tax withholding). |
| 02/25/2025 | Date when the remaining unvested portion of the restricted stock unit award will be fully vested. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.