TETRA (TTI) Insider Report: RSUs Converted, Shares Surrendered for Taxes
Rhea-AI Filing Summary
Alicia R. Boston Shoemake, Sr. VP and General Counsel of TETRA TECHNOLOGIES INC (TTI), reported multiple transactions on 08/25/2025 relating to restricted stock units and resulting common stock holdings. The filing shows vested RSUs that converted into 6,377 and 8,066 shares, with portions surrendered to the company to satisfy tax withholding of 3,658 and 4,626 shares respectively, leaving 137,298 total shares beneficially owned after one set of transactions and 132,672 after the other as reported in the non-derivative table. The report also notes 9,246 shares held indirectly by the reporting person’s spouse and details remaining unvested RSU tranches that vest semiannually through February 2026 and February 2027.
Positive
- Vested RSUs converted to common stock, increasing the reporting person’s direct holdings by 6,377 and 8,066 shares.
- Clear disclosure of vesting schedules for remaining awards through February 2026 and February 2027, improving transparency.
Negative
- Shares surrendered to satisfy tax withholding totaled 3,658 and 4,626, reducing the net shares received from vesting.
- Substantial portion of reported holdings is indirect via spouse (9,246 shares), which can complicate assessments of insider buying/selling intent.
Insights
TL;DR: Insider vested RSUs increased reported ownership while tax-withholding reduced net shares; overall impact appears routine and non-material to valuation.
The Form 4 documents standard executive compensation mechanics: conversion of vested restricted stock units into common shares and the surrender of shares to meet tax-withholding obligations. Net share counts moved modestly rather than through open-market trades, indicating compensation settlement rather than active buying or selling. The presence of 9,246 shares held by a spouse increases aggregate household ownership but remains small relative to typical public-company float unless TTI's market capitalization is very small. Impact for investors is informational about insider compensation timing rather than a directional signal about company prospects.
TL;DR: Disclosure follows expected governance practices for RSU vesting and tax withholding; filing is compliant and routine.
The filing clearly identifies the reporting person’s role, transaction dates, codes for vesting and withholding, and the continuing vesting schedules for outstanding RSU awards. This transparency meets Section 16 reporting norms and confirms no open-market disposals by the officer on the reported dates. The indirect ownership by spouse is properly disclosed. From a governance perspective, these are standard equity compensation events with no indications of exception or error in the reported items.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 6,377 | $0.00 | -- |
| Exercise | Restricted Stock Units | 8,066 | $0.00 | -- |
| Exercise | Common Stock | 6,377 | $0.00 | -- |
| Tax Withholding | Common Stock | 3,658 | $4.49 | $16K |
| Exercise | Common Stock | 8,066 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,626 | $4.49 | $21K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Represents vested shares of restricted stock units granted on February 22, 2023. Restricted stock units convert into common stock on a one-for-one basis. Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the restricted stock unit granted on February 22, 2023. Represents vested shares of restricted stock units granted on February 19, 2024. Restricted stock units convert into common stock on a one-for-one basis. Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the restricted stock unit granted on February 19, 2024. The remaining unvested portion of this restricted stock unit award will vest every six months until fully vested on February 25, 2026. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit. The remaining unvested portion of this restricted stock unit award will vest every six months until fully vested on February 25, 2027. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.
