TETRA Technologies (TTI) SVP reports RSU vesting and tax share disposition
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TETRA Technologies senior vice president Roy McNiven reported equity award activity involving restricted stock units and common shares. On February 28, 2026, 27,198 restricted stock units vested and converted on a one-for-one basis into common stock, increasing his directly held common shares. On the same date, 10,703 common shares were surrendered at $8.66 per share to cover tax withholding obligations tied to the vesting. After these transactions, McNiven directly held 115,634 shares of common stock and 54,397 restricted stock units, with the remaining unvested units scheduled to vest every six months until fully vested on February 25, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
27,198 shares exercised/converted
Mixed
3 txns
Insider
McNiven Roy
Role
Sr. Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 27,198 | $0.00 | -- |
| Exercise | Common Stock | 27,198 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,703 | $8.66 | $93K |
Holdings After Transaction:
Restricted Stock Units — 54,397 shares (Direct);
Common Stock — 126,337 shares (Direct)
Footnotes (1)
- Represents vested shares of restricted stock units granted on February 28, 2025. 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 28, 2025. The remaining unvested portion of this restricted stock unit award will vest every six months until fully vested on February 25, 2028. 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) report for Roy McNiven?
Roy McNiven reported vesting of 27,198 restricted stock units converting into common stock and a related tax-withholding share surrender of 10,703 common shares at $8.66 per share, all dated February 28, 2026, under a previously granted equity award.
Did the TTI insider Form 4 show a stock purchase or sale by Roy McNiven?
The Form 4 shows an equity award vesting and tax-withholding disposition, not an open-market purchase or sale. Restricted stock units converted into common stock, and a portion of shares was surrendered back to the issuer to satisfy tax obligations from the vesting.
When will Roy McNiven’s remaining TTI restricted stock units fully vest?
The remaining unvested portion of Roy McNiven’s restricted stock unit award will vest every six months until it is fully vested on February 25, 2028. Each restricted stock unit entitles him to receive one share of TETRA Technologies common stock upon vesting.
What does the Form 4 reveal about TTI restricted stock unit terms for Roy McNiven?
The Form 4 indicates McNiven’s restricted stock units convert into TETRA Technologies common stock on a one-for-one basis upon vesting. Units from the February 28, 2025 grant vest semiannually, with full vesting scheduled by February 25, 2028, subject to tax-withholding share surrenders.