TETRA Technologies (NYSE: TTI) awards director 13,987 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
John Angela D reported acquisition or exercise transactions in this Form 4 filing.
TETRA Technologies director Angela D. John received a grant of 13,987 restricted stock units (RSUs). Each RSU represents the contingent right to one share of common stock. The issuer’s stock closed at $10.41 on the grant date, providing a reference value for the award.
The RSUs will cliff vest on the one-year anniversary of the grant date, subject to continued service with the company. After this grant, John holds 13,987 RSUs directly, which the company may settle in shares, cash, or a combination at its discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
John Angela D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,987 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 13,987 shares (Direct, null)
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 $10.41 This restricted stock unit award was granted pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. The Award will cliff vest on the one-year anniversary of the Grant Date, subject to continued service with the Issuer at vest 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.
Key Figures
RSUs granted: 13,987 units
Underlying common shares: 13,987 shares
Closing stock price on grant date: $10.41 per share
+2 more
5 metrics
RSUs granted
13,987 units
Restricted stock units awarded to director
Underlying common shares
13,987 shares
Each RSU equals one share of common stock
Closing stock price on grant date
$10.41 per share
Issuer’s common stock closing price on RSU award date
Vesting schedule
1-year cliff
Cliff vests on one-year anniversary of grant date
Settlement form
Shares and/or cash
Issuer may settle RSUs in shares, cash, or a combination
Key Terms
Restricted Stock Units, cliff vest, Equity Incentive Plan, settlement date
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents the contingent right to receive one share"
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.
cliff vest financial
"The Award will cliff vest on the one-year anniversary of the Grant Date"
A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.
Equity Incentive Plan financial
"granted pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan"
An equity incentive plan is a program that gives employees, executives or directors the right to receive company stock or options to buy stock as part of their pay. Think of it as offering slices of future company profit to motivate people to boost long‑term performance; for investors it matters because it can align employee goals with shareholder value but also increases the number of shares outstanding, which can dilute existing ownership.
settlement date financial
"Vested shares will be delivered to the reporting person on the settlement date"
The settlement date is the day when a securities trade is finalized: the buyer’s cash is delivered and the seller’s shares or bonds are transferred into the buyer’s account. Think of it like the closing day of a purchase, when ownership and payment officially change hands; until then the trade exists as an agreement but not as completed property transfer. Investors care because payment timing affects cash availability, record of ownership, dividends, and legal rights tied to the asset.
FAQ
What did TETRA Technologies (TTI) director Angela D. John report on this Form 4?
Angela D. John reported receiving 13,987 restricted stock units as a compensation award. Each RSU represents a contingent right to one share of TETRA Technologies common stock, subject to future vesting conditions described in the company’s equity incentive plan.
How many restricted stock units did the TTI director receive in this grant?
The director received 13,987 restricted stock units in this grant. These units each correspond to one share of TETRA Technologies common stock, giving a total potential equity award of 13,987 shares if all vesting conditions are satisfied.
What is the vesting schedule for the TTI director’s 13,987 RSUs?
The 13,987 RSUs will cliff vest on the one-year anniversary of the grant date. Vesting is contingent on the director’s continued service with TETRA Technologies through that vesting date, according to the equity incentive plan terms.
What was TETRA Technologies’ stock price at the time of this RSU award?
On the RSU award date, TETRA Technologies’ common stock closed at $10.41 per share. This price offers a reference value for the 13,987 RSUs, though the actual value realized will depend on future stock prices and vesting.
How will the 13,987 RSUs granted to the TTI director be settled at vesting?
Upon vesting, the RSUs are generally settled in TETRA Technologies common shares. However, the company may instead choose to settle the award in cash, or a combination of cash and shares, at its sole discretion under the plan.
How many RSUs does the TTI director hold after this reported transaction?
Following this grant, the director holds 13,987 restricted stock units directly. These RSUs represent a potential future issuance of 13,987 shares of TETRA Technologies common stock, assuming vesting and share settlement under the plan.