TETRA Technologies (TTI) SVP granted 30,554 RSUs in equity award
Rhea-AI Filing Summary
Moeller Timothy C reported acquisition or exercise transactions in this Form 4 filing.
TETRA Technologies senior vice president Timothy C. Moeller reported receiving an equity award in the form of restricted stock units. He was granted 30,554 RSUs, each representing the right to receive one share of TETRA common stock upon vesting. The award was made at no cash cost to him and the company’s stock closed at $11.15 on the grant date.
The RSUs were granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. One-third of the award will vest on February 18, 2027, with additional portions vesting each August 25 and February 25 until fully vested on February 25, 2029, subject to his continued service. The company may settle vested units in shares, cash, or a combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 30,554 | $0.00 | -- |
Footnotes (1)
- 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 $11.15. The RSU was granted pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. One-third of the award will vest on February 18, 2027 and one-sixth of the award will vest on each August 25th and February 25th thereafter until fully vested on February 25, 2029, subject to continued service with the Issuer on each respective 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.