TETRA Technologies (TTI) CEO converts RSUs, surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TETRA Technologies President & CEO Brady M. Murphy reported vesting of restricted stock units that converted into common shares, along with share surrenders for taxes. On February 25, 2026, 57,391 RSUs from a February 22, 2023 grant and 60,496 RSUs from a February 19, 2024 grant vested and converted into common stock on a one-for-one basis.
To cover related tax withholding, Murphy surrendered 24,306 and 25,945 common shares back to the company at $11.14 per share. After these derivative exercises and tax-withholding dispositions, he directly owned 2,733,993 shares of TETRA Technologies common stock. The remaining unvested portion of the 2024 RSU award will vest every six months until fully vested on February 25, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
117,887 shares exercised/converted
Mixed
6 txns
Insider
Murphy Brady M
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 57,391 | $0.00 | -- |
| Exercise | Restricted Stock Units | 60,496 | $0.00 | -- |
| Exercise | Common Stock | 57,391 | $0.00 | -- |
| Tax Withholding | Common Stock | 24,306 | $11.14 | $271K |
| Exercise | Common Stock | 60,496 | $0.00 | -- |
| Tax Withholding | Common Stock | 25,945 | $11.14 | $289K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 2,723,748 shares (Direct)
Footnotes (1)
- Represents vested shares of restricted stock units granted on February 22, 2023. Restricted stock units convert into common stock on a one-for-one basis. Reflects units surrendered to the Issuer for tax withholding purposes upon the vesting of the restricted stock unit granted on February 22, 2023. Represents vested shares of restricted stock units granted on February 19, 2024. Restricted stock units convert into common stock on a one-for-one basis. Reflects units surrendered to the Issuer for tax withholding purposes upon the vesting of the restricted stock unit granted on February 19, 2024. There is no remaining unvested portion of this restricted stock unit award. The remaining unvested portion of this restricted stock unit award will vest every six months until fully vested on February 25, 2027. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.
FAQ
What insider transactions did TETRA Technologies (TTI) CEO Brady Murphy report?
Brady M. Murphy reported RSU vesting that converted into common stock and related tax-withholding share surrenders. Two RSU grants from 2023 and 2024 vested on February 25, 2026, increasing his direct ownership while some shares were delivered back to the company for taxes.
How many TETRA Technologies (TTI) RSUs vested for the CEO on February 25, 2026?
On February 25, 2026, 57,391 restricted stock units from a February 22, 2023 grant and 60,496 restricted stock units from a February 19, 2024 grant vested. Each RSU converted into one share of TETRA Technologies common stock, significantly adding to Brady M. Murphy’s equity position.
What are the future vesting terms for the CEO’s 2024 TETRA Technologies (TTI) RSU award?
The remaining unvested portion of the February 19, 2024 restricted stock unit award will vest every six months until fully vested on February 25, 2027. Each RSU represents the contingent right to receive one share of TETRA Technologies common stock when the vesting conditions are satisfied.