TTI Form 4: CEO Murphy vests 117,887 RSU shares; tax surrenders at $4.49
Tetra Technologies insider report: President & CEO Brady M. Murphy received shares from vested restricted stock units and completed related tax-withholding share surrenders.
Rhea-AI Filing Summary
Tetra Technologies insider report: President & CEO Brady M. Murphy received shares from vested restricted stock units and completed related tax-withholding share surrenders. On 08/25/2025 Mr. Murphy was issued 57,391 shares from RSUs granted 02/22/2023 and 60,496 shares from RSUs granted 02/19/2024, increasing his beneficial ownership to 2,691,978 shares after the first vesting event and to 2,666,357 shares after share surrenders for taxes.
The Form 4 shows two share-surrender transactions totaling 49,927 shares sold to satisfy tax withholding at a price of $4.49 per share (24,306 and 25,621 shares). Remaining unvested portions of the 2023 and 2024 RSU awards vest semiannually through February 25, 2026 and February 25, 2027 respectively.
Positive
- Vesting of RSUs: 57,391 shares (02/22/2023 award) and 60,496 shares (02/19/2024 award) converted to common stock on 08/25/2025
- Increased beneficial ownership: Reporting shows beneficial ownership reaching 2,691,978 shares at one point following vesting
Negative
- Shares surrendered for tax withholding: 24,306 and 25,621 shares were surrendered at $4.49 per share, reducing net received shares
- Immediate dilution offset: The net issuance from vesting is partly offset by share surrenders, lowering incremental ownership gain
Insights
TL;DR CEO received vested RSUs increasing direct ownership while surrendering shares to cover taxes; overall neutrality for capital structure.
The transactions are routine executive compensation events: two RSU vesting events converted to common stock on a one-for-one basis and were partly offset by share surrenders to satisfy tax withholding obligations at $4.49 per share. The reporting shows the CEO holds 2,666,357 shares following all transactions reported on 08/25/2025. These events do not indicate acquisition or disposition for liquidity beyond tax obligations and carry minimal direct impact on outstanding shares or enterprise value.
TL;DR Compensation-related vesting and tax-withholding are standard governance disclosures and raise no governance red flags.
The Form 4 documents scheduled vesting from awards granted in 2023 and 2024 and confirms partial surrender of vested units to satisfy tax liabilities. The filings describe vesting schedules that continue semiannually through February 2026 and 2027. The involvement of an attorney-in-fact signing the form is consistent with delegated filing practices. No unusual transfer codes or off-cycle dispositions are present.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 57,391 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 60,496 | $0.00 | $0.00 |
| Exercise | Common Stock | 57,391 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 24,306 | $4.49 | $109K |
| Exercise | Common Stock | 60,496 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 25,621 | $4.49 | $115K |
Footnotes (6)
- F1. 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.
- F2. Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the restricted stock unit granted on February 22, 2023.
- F3. 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.
- F4. Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the restricted stock unit granted on February 19, 2024.
- F5. 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.
- F6. 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.
FAQ
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What did TTI CEO Brady M. Murphy report on Form 4 dated 08/25/2025?
What are the vesting schedules for the RSU awards mentioned in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.