Equity awards: TETRA Technologies (TTI) grants RSUs to senior legal executive
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TETRA Technologies reported that Sr. VP and General Counsel Alicia R. Boston Shoemake acquired restricted stock units (RSUs) covering 21,824 units directly and 1,637 units indirectly through her spouse. Each RSU represents one share of common stock, with the grant made at a closing share price of $11.15 on the award date. The RSUs were granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan and vest over time: one-third on February 18, 2027, and one-sixth on each August 25 and February 25 thereafter until fully vested on February 25, 2029, subject to continued service. The company may settle vested RSUs in shares, cash, or a combination at its discretion.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Boston Shoemake Alicia r
Role
Sr. VP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 21,824 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 1,637 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 21,824 shares (Direct);
Restricted Stock Units — 1,637 shares (Indirect, By Spouse)
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 RSU awards did TETRA Technologies (TTI) report for Alicia R. Boston Shoemake?
TETRA Technologies reported that Sr. VP and General Counsel Alicia R. Boston Shoemake received 21,824 restricted stock units directly and 1,637 RSUs indirectly through her spouse. Each RSU equals one share of common stock, subject to a multi-year vesting schedule and continued service.
How do the TTI RSUs granted to Alicia R. Boston Shoemake vest over time?
The RSUs vest over several years. One-third of the award vests on February 18, 2027, with one-sixth vesting on each August 25 and February 25 thereafter until the grant is fully vested on February 25, 2029, subject to continued service.
What does each TETRA Technologies (TTI) restricted stock unit represent in this Form 4?
Each restricted stock unit represents the contingent right to receive one share of TETRA Technologies common stock upon vesting. The award is not immediately deliverable; shares or cash are delivered on settlement dates if vesting conditions and continued service requirements are satisfied.
Under which equity plan were the TETRA Technologies (TTI) RSUs granted?
The RSUs were granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. This plan governs the terms of equity awards, including vesting conditions, settlement mechanics, and the company’s discretion to settle awards in shares, cash, or a combination.
Can TETRA Technologies choose to settle Alicia R. Boston Shoemake’s RSUs in cash?
Yes. Vested RSUs will be delivered to the reporting person on the settlement date unless TETRA Technologies elects to settle them in cash, or in a combination of shares and cash, at the company’s sole discretion under the equity incentive plan.