William D. Sullivan - May 26, 2021 Form 4 Insider Report for TETRA TECHNOLOGIES INC (TTI)

Role
Director
Signature
Kimberly M. O'Brien, attorney in fact
Stock symbol
TTI
Transactions as of
May 26, 2021
Transactions value $
$0
Form type
4
Date filed
5/27/2021, 04:45 PM
Next filing
Jun 23, 2021

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 TTI Restricted Stock Unit Award $0 +31.2K $0.00 31.2K May 26, 2021 Common Stock 31.2K $0.00 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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 $3.59.
F2 This restricted stock unit award was granted pursuant to the TETRA Technologies, Inc. First Amended and Restated 2018 Equity Incentive Plan. The Award will cliff vest the earlier of the one-year anniversary of the Grant Date and the date of the Company's 2022 annual meeting of stockholders, subject to continued service with the Issuer at vest 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.