TETRA Technologies director granted 13,987 RSUs
McGee Sharon D. Booth reported acquisition or exercise transactions in this Form 4 filing.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,987 | $0.00 | $0.00 |
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
Key Terms
Restricted Stock Units financial
cliff vest financial
Equity Incentive Plan financial
settlement date financial
FAQ
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What insider transaction did TETRA TECHNOLOGIES (TTI) report for Sharon D. Booth McGee?
How many restricted stock units did TTI grant to director Sharon D. Booth McGee?
What is the vesting schedule for Sharon D. Booth McGee’s 13,987 RSUs at TTI?
What was the stock price reference for Sharon D. Booth McGee’s RSU award at TTI?
How will Sharon D. Booth McGee’s RSUs at TTI be settled upon vesting?
Under what plan were Sharon D. Booth McGee’s RSUs at TTI granted?
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