6,984 RSUs awarded to TETRA Technologies (TTI) VP–Treasurer Hallead
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hallead Kurt
Role
VP-Treasurer & IR
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,984 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 6,984 shares (Direct)
Footnotes (1)
- 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. 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
What insider transaction did TETRA Technologies (TTI) report for Kurt Hallead?
TETRA Technologies reported that VP–Treasurer & Investor Relations Kurt Hallead received a grant of 6,984 restricted stock units. These RSUs were awarded at no cost and are part of his equity-based compensation under the company’s 2018 equity incentive plan.
How many restricted stock units did Kurt Hallead receive from TETRA Technologies (TTI)?
Kurt Hallead received 6,984 restricted stock units from TETRA Technologies. Each RSU represents the right to receive one share of common stock upon vesting, giving him potential future ownership aligned with long-term company performance and service requirements.
What is the vesting schedule for Kurt Hallead’s 6,984 RSUs at TETRA Technologies (TTI)?
The 6,984 RSUs vest over time, with one-third vesting on February 18, 2027. The remaining units vest in equal one-sixth installments on each August 25 and February 25 until fully vested on February 25, 2029, contingent on continued service.
How will Kurt Hallead’s TETRA Technologies (TTI) RSUs be settled at vesting?
Upon vesting, Kurt Hallead’s RSUs will be settled in shares, cash, or a combination of both. The decision is made at TETRA Technologies’ sole discretion, allowing flexibility in how the company delivers the value of vested awards.
Under which equity plan were the 6,984 RSUs granted to Kurt Hallead at TETRA Technologies (TTI)?
The 6,984 RSUs were granted under the TETRA Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan. This plan is designed to provide equity-based compensation that aligns key employees’ interests with long-term shareholder value.
What was TETRA Technologies’ stock price on the date of Kurt Hallead’s RSU award?
On the RSU award date, TETRA Technologies’ common stock closed at $11.15. This closing price helps indicate the approximate market value of each share tied to the RSUs at the time the equity award was granted.