TETRA Technologies (TTI) CEO exercises RSUs and surrenders shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TETRA Technologies President & CEO Brady M. Murphy reported equity award activity involving restricted stock units and common shares. On February 28, 2026, he exercised 116,564 restricted stock units, converting them into an equal number of common shares at a stated price of $0.00 per share.
Following this derivative exercise, his directly held common stock increased to 2,850,557 shares, before a separate disposition related to tax obligations. On the same date, 49,365 common shares were surrendered at $8.66 per share to cover tax withholding upon vesting, a tax-withholding disposition rather than an open-market sale. After this tax-related share surrender, his direct common stock holdings totaled 2,801,192 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
116,564 shares exercised/converted
Mixed
3 txns
Insider
Murphy Brady M
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 116,564 | $0.00 | -- |
| Exercise | Common Stock | 116,564 | $0.00 | -- |
| Tax Withholding | Common Stock | 49,365 | $8.66 | $428K |
Holdings After Transaction:
Restricted Stock Units — 233,128 shares (Direct);
Common Stock — 2,850,557 shares (Direct)
Footnotes (1)
- Represents vested shares of restricted stock units granted on February 28, 2025. Restricted stock units convert into common stock on a one-for-one basis. Reflects units surrendered to the Issuer for tax withholding purposes upon the vesting of the restricted stock unit granted on February 28, 2025. The remaining unvested portion of this restricted stock unit award will vest every six months until fully vested on February 25, 2028. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.
FAQ
What insider transactions did TETRA Technologies (TTI) report for Brady M. Murphy?
TETRA Technologies reported that President & CEO Brady M. Murphy exercised 116,564 restricted stock units into common shares and surrendered 49,365 common shares for tax withholding on February 28, 2026, as part of scheduled equity award vesting and related tax obligations.
How many restricted stock units did the TTI CEO convert into common stock?
Brady M. Murphy converted 116,564 restricted stock units into an equal number of TETRA Technologies common shares. The filing states these units converted on a one-for-one basis at a stated price of $0.00 per share, reflecting the vesting of previously granted equity compensation.
Were any of the TTI CEO’s reported transactions open-market stock sales?
The filing describes a tax-withholding disposition, not an open-market sale. Murphy surrendered 49,365 common shares at $8.66 per share to TETRA Technologies to satisfy tax withholding obligations triggered by the vesting of his restricted stock units granted on February 28, 2025.
What are Brady M. Murphy’s direct TTI common stock holdings after these transactions?
After exercising restricted stock units and surrendering shares for tax withholding, Brady M. Murphy directly holds 2,801,192 shares of TETRA Technologies common stock. This figure reflects his direct ownership following the February 28, 2026 transactions disclosed in the Form 4 insider filing.
How are the TTI restricted stock units structured for the CEO’s award?
Each restricted stock unit represents a contingent right to receive one TETRA Technologies common share upon vesting. The remaining unvested portion of this award is scheduled to vest every six months until fully vested on February 25, 2028, according to the filing’s footnotes.