Patrick D. Quarles - Feb 16, 2022 Form 4 Insider Report for TRECORA RESOURCES (TREC)

Role
President and CEO, Director
Signature
/s/ Christopher Groves as attorney in fact for Patrick D. Quarles
Stock symbol
TREC
Transactions as of
Feb 16, 2022
Transactions value $
$0
Form type
4
Date filed
2/18/2022, 03:20 PM
Previous filing
Feb 15, 2022
Next filing
Mar 1, 2022

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 Award $0 +110K +43.13% $0.00 364K Feb 16, 2022 Common stock 110K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted as officer compensation. Converts into common stock on a one-for-one basis.
F2 One half of award vests ratably over 3 years beginning with the first anniversary date of the grant date. The remaining 50% vest at the end of three years subject to performance criteria.