March 8, 2024 · Form 4 insider transaction
SERRANO ELIJIO V bought 43,752 shares of TETRA Technologies, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 4 days after the transaction.
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 $3.97.; Upon the Reporting Person's election, a portion of the long-term performance-based cash award earned by the Reporting Person was settled in restricted stock units ("RSUs") rather than cash. The RSU was 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 8, 2025, 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.