TETRA Technologies' Moeller receives 25,000 shares
The restricted stock units were granted on October 4, 2023, and converted into common stock on a one-for-one basis.
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Rhea-AI Filing Summary
Tetra Technologies Inc. (TTI) Sr. Vice President Timothy C. Moeller reported the vesting of 25,000 restricted stock units and their conversion into 25,000 common shares on October 4, 2026. He also surrendered 9,838 common shares to the issuer to satisfy tax withholding obligations; the surrendered shares were reported at $6.00 per share.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F3 | 25,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 25,000 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 9,838 | $6.00 | $59K |
Footnotes (3)
- F1. Represents vested shares of restricted stock units granted on October 4, 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 October 4, 2023.
- F3. There is no remaining unvested portion of this restricted stock unit award.
Key Figures
Key Terms
restricted stock units financial
vesting financial
tax withholding obligations financial
one-for-one basis financial
FAQ
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How did TTI's restricted stock units convert?
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