Thomas R. Bates - May 24, 2023 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 24, 2023
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 04:09 PM
Previous filing
Apr 3, 2023
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTI Common Stock Options Exercise $0 +24K +5.29% $0.00 478K May 24, 2023 Direct F1

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 +39.1K $0.00 39.1K May 24, 2023 Common Stock 39.1K $0.00 Direct F2, F3
transaction TTI Restricted Stock Unit Options Exercise $0 -24K -100% $0.00* 0 May 24, 2023 Common Stock 24K $0.00 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vested shares of restricted stock units granted on May 24, 2023. Restricted stock units convert into common stock on a one-for-one basis.
F2 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 $2.88.
F3 This restricted stock unit award was granted pursuant to the TETRA Technologies, Inc. Second 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 2024 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.
F4 The restricted stock unit award fully vested on May 24, 2023. Each restricted stock unit represents the contingent right to receive one share of the Issuer's common stock upon vesting of the unit.