Brady M. Murphy - Mar 14, 2025 Form 4 Insider Report for TETRA TECHNOLOGIES INC (TTI)

Role
President & CEO
Signature
Kimberly M. O'Brien, attorney in fact
Stock symbol
TTI
Transactions as of
Mar 14, 2025
Transactions value $
-$316,274
Form type
4
Date filed
3/18/2025, 04:48 PM
Previous filing
Mar 11, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TTI Common Stock Options Exercise $0 +223K +9.03% $0.00 2.69M Mar 15, 2025 Direct F1
transaction TTI Common Stock Tax liability -$316K -94.4K -3.51% $3.35 2.6M Mar 15, 2025 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 TTI Restricted Stock Units Award $0 +372K $0.00 372K Mar 14, 2025 Common Stock 372K $0.00 Direct F3, F4
transaction TTI Restricted Stock Units Options Exercise $0 -223K -100% $0.00 0 Mar 15, 2025 Common Stock 223K $0.00 Direct F5
* 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 March 15, 2024. Restricted stock units convert into common stock on a one-for-one basis.
F2 Reflects units surrendered to the Issuer to satisfy tax withholding obligations upon the vesting of the restricted stock unit granted on March 15, 2024.
F3 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 $3.35.
F4 Upon the Reporting Person's election, a portion of the long-term performance-based cash awards earned by the Reporting Person for the 2022 through 2024 performance period were settled in restricted stock units ("RSUs") rather than cash. The RSUs were granted pursuant to the TETRA Technologies, Inc. Second Amended and Restated 2018 Equity Incentive Plan. One hundred percent of the award will vest on March 14, 2026, 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.
F5 There is no remaining unvested portion of this restricted stock unit award.