Patrick D. Quarles - Feb 13, 2022 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Signature
/s/ Christopher Groves as attorney in fact for Patrick D. Quarles
Stock symbol
TREC
Transactions as of
Feb 13, 2022
Transactions value $
-$106,933
Form type
4
Date filed
2/15/2022, 03:43 PM
Previous filing
Dec 6, 2021
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREC Common stock Options Exercise $0 +20.8K +7.67% $0.00 292K Feb 13, 2022 Direct F1, F2
transaction TREC Common stock Tax liability -$63.9K -7.27K -2.49% $8.79 284K Feb 13, 2022 Direct
transaction TREC Common stock Options Exercise $0 +14.1K +4.95% $0.00 298K Feb 15, 2022 Direct F2, F3
transaction TREC Common stock Tax liability -$43K -4.93K -1.65% $8.73 293K Feb 15, 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TREC Restricted Stock Units Options Exercise $0 -20.8K -7.19% $0.00 268K Feb 13, 2022 Common stock 20.8K Direct F1, F2
transaction TREC Restricted Stock Units Options Exercise $0 -14.1K -5.25% $0.00 254K Feb 15, 2022 Common stock 14.1K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting of 1/3 of restricted stock which was granted on 02/13/20 and vests in three equal installments beginning on the first anniversary of the grant date.
F2 Granted as officer compensation. Converts into common stock on a one-for-one basis.
F3 Vesting of 1/3 of restricted stock which was granted on 02/15/19 and vests in three equal installments beginning on the first anniversary of the grant date.