TETRA (NYSE: TTI) CFO nets stock from RSU vesting and tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TETRA Technologies Sr. Vice President & CFO Elijio V. Serrano reported RSU vesting and related tax withholding transactions. On February 25, 2026, restricted stock units granted on February 22, 2023 and February 19, 2024 vested and converted into common stock on a one-for-one basis, including 21,256 and 20,165 common shares acquired through derivative exercises.
To cover tax obligations at vesting, Serrano surrendered 5,703 and 4,911 common shares at $11.14 per share to the issuer. After these acquisitions and tax-withholding dispositions, he directly owned 1,523,015 shares of TETRA Technologies common stock, and one RSU award continues to vest every six months until February 25, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
41,421 shares exercised/converted
Mixed
6 txns
Insider
SERRANO ELIJIO V
Role
Sr. Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 21,256 | $0.00 | -- |
| Exercise | Restricted Stock Units | 20,165 | $0.00 | -- |
| Exercise | Common Stock | 21,256 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,703 | $11.14 | $64K |
| Exercise | Common Stock | 20,165 | $0.00 | -- |
| Tax Withholding | Common Stock | 4,911 | $11.14 | $55K |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct);
Common Stock — 1,513,464 shares (Direct)
Footnotes (1)
- 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. Reflects units surrendered to the Issuer for tax withholding purposes upon the vesting of the restricted stock unit granted on February 22, 2023. 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. Reflects units surrendered to the Issuer for tax withholding purposes upon the vesting of the restricted stock unit granted on February 19, 2024. There is no remaining unvested portion of this restricted stock unit award. 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
What insider transactions did TETRA Technologies (TTI) CFO Elijio Serrano report?
TETRA Technologies CFO Elijio Serrano reported RSU vesting and related tax-withholding transactions. Restricted stock units granted in 2023 and 2024 vested and converted one-for-one into common stock, with some of the resulting shares surrendered back to the issuer to satisfy tax obligations.
What do the footnotes say about TETRA Technologies (TTI) CFO’s RSU awards and vesting schedule?
Footnotes state that RSUs granted on February 22, 2023 are now fully vested, while RSUs granted on February 19, 2024 will continue vesting every six months until fully vested on February 25, 2027. Each restricted stock unit represents the right to receive one common share upon vesting.
Were TETRA Technologies (TTI) CFO’s reported dispositions open-market sales?
The dispositions are coded “F” and described as payments of tax liability by delivering securities. Footnotes explain these were units or shares surrendered to the issuer for tax withholding upon RSU vesting, indicating they were not open-market sales but tax-withholding transactions.