Tetra Tech (TTEK) director receives 1,259 RSUs vesting in 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Thornburg Eric W reported acquisition or exercise transactions in this Form 4 filing.
Tetra Tech director Eric W. Thornburg received a grant of 1,259 restricted stock units (RSUs), each representing a contingent right to receive one share of Tetra Tech common stock. The RSUs will become 100% vested on April 27, 2027 and are exercisable at that time with no set expiration date. Following this award, Thornburg holds 1,259 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Thornburg Eric W
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RESTRICTED STOCK UNITS (RIGHT TO RECEIVE) | 1,259 | $0.00 | -- |
Holdings After Transaction:
RESTRICTED STOCK UNITS (RIGHT TO RECEIVE) — 1,259 shares (Direct, null)
Footnotes (1)
- Represents an award of restricted stock units (RSUs), each unit of which represents a contingent right to receive one share of Tetra Tech common stock. The RSUs become 100% vested as to the shares underlying the RSUs on April 27, 2027. The RSUs are exercisable at the time of vesting and do not have a set expiration date.
Key Figures
RSUs granted: 1,259 units
RSU grant price: $0.00 per unit
Underlying shares: 1,259 shares
+2 more
5 metrics
RSUs granted
1,259 units
Restricted stock units awarded to director Eric W. Thornburg
RSU grant price
$0.00 per unit
Compensation grant with no cash exercise price
Underlying shares
1,259 shares
Each RSU represents one share of common stock
Vesting date
April 27, 2027
RSUs become 100% vested on this date
Holdings after grant
1,259 RSUs
Total restricted stock units held directly after transaction
Key Terms
restricted stock units, contingent right, vested, exercisable
4 terms
restricted stock units financial
"Represents an award of restricted stock units (RSUs), each unit of which represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"each unit of which represents a contingent right to receive one share of Tetra Tech common stock"
vested financial
"The RSUs become 100% vested as to the shares underlying the RSUs on April 27, 2027"
exercisable financial
"The RSUs are exercisable at the time of vesting and do not have a set expiration date"
FAQ
What insider transaction did TETRA TECH INC (TTEK) report for Eric W. Thornburg?
TETRA TECH INC reported that director Eric W. Thornburg received 1,259 restricted stock units. Each RSU represents a contingent right to one share of common stock, vesting fully on April 27, 2027, and exercisable at vesting with no set expiration date.
How many restricted stock units did Eric W. Thornburg receive at TTEK?
Eric W. Thornburg received 1,259 restricted stock units from TETRA TECH INC. Each RSU corresponds to one share of common stock, giving him 1,259 underlying shares upon vesting and exercise, assuming all units vest and are settled in stock as described.
When do Eric W. Thornburg’s TETRA TECH INC RSUs vest?
Eric W. Thornburg’s restricted stock units at TETRA TECH INC become 100% vested on April 27, 2027. On that vesting date, the RSUs are exercisable, allowing settlement into common shares, and they do not carry a specified expiration date thereafter.
What does each RSU granted to Eric W. Thornburg at TTEK represent?
Each RSU granted to Eric W. Thornburg represents a contingent right to receive one share of TETRA TECH INC common stock. This means he will receive one share per unit upon vesting and exercise, subject to the award’s terms and the April 27, 2027 vesting schedule.
Does Eric W. Thornburg’s RSU award at TETRA TECH INC have an expiration date?
The RSU award to Eric W. Thornburg does not have a set expiration date. According to the disclosure, the RSUs become exercisable when they vest on April 27, 2027 and remain exercisable afterward without a specified end date in the award terms.
How many TETRA TECH INC RSUs does Eric W. Thornburg hold after this transaction?
After this transaction, Eric W. Thornburg holds 1,259 restricted stock units directly at TETRA TECH INC. These RSUs correspond to 1,259 underlying shares of common stock, subject to full vesting on April 27, 2027 and subsequent exercise under the award terms.