Richard D. O'Brien - Mar 6, 2023 Form 4 Insider Report for TETRA TECHNOLOGIES INC (TTI)

Signature
Kimberly M. O'Brien, attorney in fact
Stock symbol
TTI
Transactions as of
Mar 6, 2023
Transactions value $
$0
Form type
4
Date filed
3/7/2023, 06:47 PM
Previous filing
Feb 28, 2023
Next filing
Aug 29, 2023

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 Units Award $0 +18.7K $0.00 18.7K Mar 6, 2023 Common Stock 18.7K $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 $3.48.
F2 Upon the Reporting Person's election, a significant portion of the annual bonus earned by the Reporting Person for the 2022 performance year was settled in restricted stock units ("RSUs") rather than cash. The RSU was granted pursuant to the TETRA Technologies, Inc. First Amended and Restated 2018 Equity Incentive Plan. One hundred percent of the award will vest on March 6, 2024, subject to continued service on the 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.