AI assistant
TETRA TECHNOLOGIES INC — Director's Dealing 2023
Mar 7, 2023
32621_dirs_2023-03-07_1f63f86e-0463-490f-9b6d-8173a6b67135.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TETRA TECHNOLOGIES INC (TTI)
CIK: 0000844965
Period of Report: 2023-03-06
Reporting Person: O'Brien Richard D (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-06 | Restricted Stock Units | $0.00 | A | 18723.00 | Acquired | 2024-03-31 | Common Stock (18723.00) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents the contingent right to receive one share of Issuer's common stock upon vesting of the unit. The closing price of the Issuer's common stock on the date of this RSU award was $3.48.
F2: Upon the Reporting Person's election, a significant portion of the annual bonus earned by the Reporting Person for the 2022 performance year was settled in restricted stock units ("RSUs") rather than cash. The RSU was granted pursuant to the TETRA Technologies, Inc. First Amended and Restated 2018 Equity Incentive Plan. One hundred percent of the award will vest on March 6, 2024, subject to continued service on the vesting date. Vested shares will be delivered to the reporting person on the settlement date unless the Issuer elects to settle the RSUs in cash, or a combination of shares and cash, in the Issuer's sole discretion.