Tetra Technologies VP granted 29,645 restricted stock units at $5.82 reference price
Rhea-AI Filing Summary
Tetra Technologies (TTI) reported an award of 29,645 restricted stock units to Kathrine Kokenes, its VP & Chief Accounting Officer, granted on 09/29/2025. Each RSU converts to one share upon vesting; the award referenced a closing stock price of $5.82 on the grant date. The RSUs vest over approximately three years: one-third on 09/29/2026 and the remainder in equal installments on each March 25 and September 25, completing on 09/25/2028, subject to continued service. Vested shares will be delivered on the settlement date unless the company elects cash or a cash/share mix.
Positive
- Grant aligns senior executive incentives with shareholder interests through time-based RSUs
- Clear vesting schedule (one-third on 09/29/2026, then semiannual installments to 09/25/2028) aids retention
- Disclosure includes grant reference price ($5.82), enabling approximate valuation at grant date
Negative
- Potential dilution from 29,645 additional shares if settled in stock
- Settlement discretion (company may pay cash or cash/share mix) could reduce long-term share ownership alignment
Insights
TL;DR: A routine, time-based RSU award aligns the accounting officer with shareholder value and supports retention.
The 29,645 RSU grant is a standard retention and incentive tool for a senior finance executive. Vesting over three years with an initial one-third cliff and subsequent semiannual installments is typical for balancing retention and performance alignment. The grant references the closing price at $5.82, which provides a notional grant value of roughly $172,600 at grant date; actual realized value depends on future share price and any settlement in cash. This is not a material capital event for most public companies of meaningful scale, but it is meaningful for executive alignment and internal compensation planning.
TL;DR: Disclosure is complete for an equity award; vesting schedule and settlement terms are clearly stated.
The Form 4 discloses title, amount, vesting schedule, plan authority, and settlement alternatives, which meet standard disclosure expectations under Section 16. The indirect/direct ownership is shown as direct for the reporting person. There is no indication of performance-based vesting or acceleration events disclosed here. From a governance perspective, the award appears routine and properly documented.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 29,645 | $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 $5.82. 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 September 29, 2026 and one-sixth of the award will vest on each March 25th and September 25th thereafter until fully vested on September 25, 2028, 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.
