Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | TTI | Restricted Stock Units | Award | $0 | +76.5K | $0.00 | 76.5K | Feb 22, 2023 | Common Stock | 76.5K | $0.00 | Direct | F1, F2 |
Id | Content |
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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 $3.77. |
F2 | The RSU was granted pursuant to the TETRA Technologies, Inc. First Amended and Restated 2018 Equity Incentive Plan. One-third of the award will vest on February 22, 2024 and one-sixth at the completion of each six-month period thereafter until fully vested, subject to continued service with the Issuer on each respective vesting 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. |