Patrick D. Quarles - 03 Dec 2021 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
Issuer symbol
TREC
Transactions as of
03 Dec 2021
Transactions value $
-$238,325
Form type
4
Filing time
06 Dec 2021, 15:44:51 UTC
Next filing
15 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TREC Common stock Options Exercise +25,000 +9.87% 278,314 03 Dec 2021 Direct F1
transaction TREC Common stock Tax liability -$63,075 -7,500 -2.69% $8.41 270,814 03 Dec 2021 Direct F2

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 -$175,250 -25,000 -7.97% $7.01 288,840 03 Dec 2021 Common stock 25,000 Direct F1, 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 Withheld for tax liability.
F3 Vesting of 1/3 of restricted stock which was granted on 12/03/18 and vests in three equal installments beginning on the first anniversary of the grant date.