Patrick D. Quarles - Mar 18, 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
Mar 18, 2022
Transactions value $
-$51,162
Form type
4
Date filed
3/22/2022, 04:17 PM
Previous filing
Mar 1, 2022
Next filing
Jun 28, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREC Common stock Options Exercise +16.9K +5.48% 324K Mar 18, 2022 Direct F1
transaction TREC Common stock Tax liability -$51.2K -5.9K -1.82% $8.67 318K Mar 18, 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 -16.9K -5.32% $0.00 300K Mar 18, 2022 Common stock 16.9K Direct F1, F2, F3
* 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.
F3 Adjusted to reflect the portion of awards subject to performance criteria which were forfeited since performance criteria was not met.