TETRA Technologies (NYSE: TTI) awards 13,987 restricted stock units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Garcia Christian A reported acquisition or exercise transactions in this Form 4 filing.
TETRA Technologies director Christian A. Garcia received a grant of 13,987 restricted stock units (RSUs). Each RSU represents the right to receive one share of common stock upon vesting. The award was made at a reference closing share price of $10.41 on the grant date.
The RSUs were granted under 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, and may be settled in shares, cash, or a combination at the company’s discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Garcia Christian A
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
Closing share price on award date: $10.41
RSUs held after grant: 13,987 units
+1 more
4 metrics
RSUs granted
13,987 units
Restricted Stock Units granted to Christian A. Garcia
Closing share price on award date
$10.41
Closing price of common stock on RSU award date
RSUs held after grant
13,987 units
Total derivative securities following transaction
Vesting period
1 year
Cliff vests on one-year anniversary of grant date
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) report in this Form 4 filing?
TETRA Technologies reported that director Christian A. Garcia received a grant of 13,987 restricted stock units. These units were awarded as equity compensation and each RSU represents a contingent right to one share of common stock upon vesting.
How many RSUs were granted to Christian A. Garcia at TETRA Technologies (TTI)?
Christian A. Garcia was granted 13,987 restricted stock units. Following this award, the Form 4 shows 13,987 derivative securities held, reflecting this new equity-based compensation position tied to TETRA Technologies common stock.
What is the vesting schedule for the new RSU award at TETRA Technologies (TTI)?
The RSU award will cliff vest on the one-year anniversary of the grant date, assuming continued service. Once vested, shares will be delivered on the settlement date, subject to the company’s decision to settle in shares, cash, or a mix of both.
Under which plan were the RSUs to Christian A. Garcia granted at TETRA Technologies (TTI)?
The RSUs were granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. This plan provides for equity-based awards such as RSUs to directors and other participants as part of their overall compensation.