TETRA Technologies grants 6,984 RSUs to VP
TETRA Technologies reported that VP–Treasurer & Investor Relations Kurt Hallead acquired a grant of 6,984 restricted stock units (RSUs) at no cost under the company’s Third Amended and Restated 2018 Equity Incentive Plan.
Rhea-AI Filing Summary
TETRA Technologies reported that VP–Treasurer & Investor Relations Kurt Hallead acquired a grant of 6,984 restricted stock units (RSUs) at no cost under the company’s Third Amended and Restated 2018 Equity Incentive Plan. Each RSU represents one share of common stock upon vesting.
According to the award terms, one-third of the RSUs will vest on February 18, 2027, and one-sixth will vest on each August 25 and February 25 thereafter until the grant is fully vested on February 25, 2029, subject to Hallead’s continued service. Vested RSUs will be settled in shares, cash, or a combination, at the company’s discretion. The issuer’s common stock closed at $11.15 on the award date.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,984 | $0.00 | $0.00 |
Footnotes (2)
- F1. 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.
- F2. 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
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What insider transaction did TETRA Technologies (TTI) report for Kurt Hallead?
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