TETRA Technologies (NYSE: TTI) EVP nets shares after RSU vesting, tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TETRA Technologies Executive Vice President Matthew Sanderson reported equity award activity involving restricted stock units (RSUs) and common stock. On February 28, 2026, 29,141 RSUs vested and were converted into 29,141 shares of common stock at no cost, increasing his directly held common shares to 741,250. To cover tax withholding on this vesting, 12,925 common shares were surrendered to the company at $8.66 per share, leaving him with 728,325 directly owned common shares afterward. Following the vesting, 58,282 RSUs remained outstanding, and the unvested portion of this award will continue to vest every six months until fully vested on February 25, 2028, with each unit representing one share of common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
29,141 shares exercised/converted
Mixed
3 txns
Insider
SANDERSON MATTHEW
Role
Executive Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 29,141 | $0.00 | -- |
| Exercise | Common Stock | 29,141 | $0.00 | -- |
| Tax Withholding | Common Stock | 12,925 | $8.66 | $112K |
Holdings After Transaction:
Restricted Stock Units — 58,282 shares (Direct);
Common Stock — 741,250 shares (Direct)
Footnotes (1)
- Represents vested shares of restricted stock units granted on February 28, 2025. 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 28, 2025. The remaining unvested portion of this restricted stock unit award will vest every six months until fully vested on February 25, 2028. 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 transaction did TETRA Technologies (TTI) report for Matthew Sanderson?
TETRA Technologies reported that Executive Vice President Matthew Sanderson had restricted stock units vest and convert into 29,141 common shares, with a portion of those shares surrendered back to the company to satisfy related tax withholding obligations tied to the vesting event.
What is Matthew Sanderson’s TTI common stock holding after these transactions?
After the reported vesting and tax-withholding share surrender, Matthew Sanderson directly owns 728,325 shares of TETRA Technologies common stock. This figure reflects the impact of both the RSU conversion into shares and the shares delivered back to the issuer for tax obligations.
How many restricted stock units does Matthew Sanderson still hold at TETRA Technologies (TTI)?
Following the February 28, 2026 vesting event, Matthew Sanderson holds 58,282 restricted stock units. Each unit represents the contingent right to receive one share of TETRA Technologies common stock when the unit vests under the award’s terms and schedule.
What is the vesting schedule for Matthew Sanderson’s remaining TTI restricted stock units?
The remaining portion of Matthew Sanderson’s restricted stock unit award will vest every six months until it is fully vested on February 25, 2028. On each vesting date, the vested units convert into an equal number of TETRA Technologies common shares on a one-for-one basis.