Director at TETRA Technologies (NYSE: TTI) receives 13,987 restricted stock units
Rhea-AI Filing Summary
McGee Sharon D. Booth reported acquisition or exercise transactions in this Form 4 filing.
TETRA TECHNOLOGIES INC director Sharon D. Booth McGee received a grant of 13,987 restricted stock units (RSUs) linked to the company’s common stock. The award was made at no cost to her as equity compensation.
Each RSU represents the right to receive one share of common stock upon vesting. The RSUs will cliff vest on the one-year anniversary of the grant date, subject to her continued service with the company. On the grant date, the company’s stock closed at $10.41, indicating the grant’s approximate market-based value at that time. After this award, she 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
McGee Sharon D. Booth
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,987 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 13,987 shares (Direct)
Footnotes (2)
- F1. 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
- F2. 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 RSUs
Grant price per RSU: $0.00 per unit
Stock closing price: $10.41 per share
+3 more
6 metrics
RSUs granted
13,987 RSUs
Equity award to director on grant date
Grant price per RSU
$0.00 per unit
Equity compensation granted at no cost to director
Stock closing price
$10.41 per share
Closing price on RSU award date
Underlying shares
13,987 shares
Common stock underlying the RSUs
Vesting schedule
One-year cliff vesting
Vests on one-year anniversary of grant date
Post-award RSU holdings
13,987 RSUs
Total RSUs held directly after this transaction
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did TETRA TECHNOLOGIES (TTI) report for Sharon D. Booth McGee?
TETRA TECHNOLOGIES reported that director Sharon D. Booth McGee received 13,987 restricted stock units as an equity award. These RSUs were granted at no cost and each unit is linked to one share of common stock, forming part of her director compensation.
How many restricted stock units did TTI grant to director Sharon D. Booth McGee?
Sharon D. Booth McGee was granted 13,987 restricted stock units. Each RSU represents the right to receive one share of TETRA TECHNOLOGIES common stock upon vesting, giving her a contingent equity interest aligned with shareholder value over time.
What is the vesting schedule for Sharon D. Booth McGee’s 13,987 RSUs at TTI?
The 13,987 RSUs will cliff vest on the one-year anniversary of the grant date. Vesting is contingent on Sharon D. Booth McGee’s continued service with TETRA TECHNOLOGIES through that vesting date, linking her compensation to ongoing board service.
What was the stock price reference for Sharon D. Booth McGee’s RSU award at TTI?
The closing price of TETRA TECHNOLOGIES common stock on the RSU grant date was $10.41. This price provides an approximate market-based reference value for the 13,987 RSUs awarded to Sharon D. Booth McGee as part of her director compensation.
How will Sharon D. Booth McGee’s RSUs at TTI be settled upon vesting?
Upon vesting, the RSUs are scheduled to be settled in shares of TETRA TECHNOLOGIES common stock. However, the company may alternatively settle them in cash, or in a combination of shares and cash, at its sole discretion on the settlement date.
Under what plan were Sharon D. Booth McGee’s RSUs at TTI granted?
The RSU award was granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. This plan governs the terms of equity compensation, including RSU grants to directors such as Sharon D. Booth McGee.