Form 4: Tetra Technologies VP Richard O'Brien Reports Stock Transactions
SEC Form 4 Filing
Richard O'Brien, VP-Finance & Global Controller of Tetra Technologies, reports the vesting and subsequent tax withholding related to restricted stock units.
Summary
- On February 25, 2024, Richard O'Brien, VP-Finance & Global Controller of Tetra Technologies, reported transactions involving common stock related to the vesting of restricted stock units.
- A total of 10,790 shares vested from restricted stock units granted on February 17, 2021, and 5,468 shares vested from restricted stock units granted on February 21, 2022.
- A portion of the vested shares (3,200 and 1,622 respectively) were surrendered to cover tax withholding obligations at a price of $3.79 per share.
- Following these transactions, O'Brien directly owns 296,467 shares of Tetra Technologies common stock and 10,936 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on routine insider transactions. It doesn't indicate positive or negative sentiment about the company's performance.
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 of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon vesting of the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 02/17/2021 | Date of grant for restricted stock units, some of which vested on 02/25/2024 |
| 02/21/2022 | Date of grant for restricted stock units, some of which vested on 02/25/2024 |
| 02/25/2024 | Date of transaction: vesting of restricted stock units and surrender of shares for tax withholding. |
| 02/25/2025 | Date when the remaining unvested portion of restricted stock units granted on February 21, 2022, will be fully vested. |
| 02/27/2024 | Date of signature on the Form 4 filing. |
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