Equity grant: TETRA (NYSE: TTI) awards 9,821 RSUs to VP
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kokenes Kathrine reported acquisition or exercise transactions in this Form 4 filing.
TETRA Technologies granted VP and Chief Accounting Officer Kathrine Kokenes 9,821 restricted stock units (RSUs) at no purchase price. Each RSU represents one share of common stock. One-third of the award vests on February 18, 2027, with the remainder vesting in semiannual installments until February 25, 2029, subject to continued service. The company may settle vested RSUs in shares, cash, or a combination.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kokenes Kathrine
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 9,821 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 9,821 shares (Direct)
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 $11.15. The RSU was granted pursuant to the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. One-third of the award will vest on February 18, 2027 and one-sixth of the award will vest on each August 25th and February 25th thereafter until fully vested on February 25, 2029, subject to continued service with the Issuer on each respective vesting 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.
FAQ
What equity award did TETRA Technologies (TTI) grant to Kathrine Kokenes?
TETRA Technologies granted VP and Chief Accounting Officer Kathrine Kokenes 9,821 restricted stock units. Each RSU represents a contingent right to receive one share of common stock upon vesting, providing equity-based compensation tied directly to the company’s future share performance over several years.
What is the vesting schedule for Kathrine Kokenes’ 9,821 TTI RSUs?
One-third of the 9,821 RSUs will vest on February 18, 2027. The remaining units vest in equal one-sixth installments on each August 25 and February 25 thereafter, until the award is fully vested on February 25, 2029, assuming continued employment with TETRA Technologies.
How will the RSUs granted to TTI executive Kathrine Kokenes be settled?
Vested RSUs will generally be settled on the settlement date by delivering shares of TETRA Technologies common stock. However, the company may instead choose to settle in cash, or a combination of cash and shares, at its sole discretion under the equity incentive plan.
Under which plan were the RSUs for TETRA Technologies (TTI) executive granted?
The RSUs awarded to Kathrine Kokenes were granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. This plan governs terms such as vesting conditions, settlement methods, and the company’s flexibility to use cash, shares, or both on settlement.
Does the TTI RSU grant to Kathrine Kokenes require continued service?
Yes, vesting of the RSUs is conditional on continued service with TETRA Technologies. Each scheduled vesting date through February 25, 2029 requires that Kathrine Kokenes remain in service, aligning her long-term incentives with the company’s performance and retention goals.