SERRANO ELIJIO V 4

What Happened

• Elijio V. Serrano, Senior Vice President & Chief Financial Officer of Tetra Technologies (TTI), had 38,854 restricted stock units (RSUs) convert into common shares on Feb 28, 2026. Of those vested shares, 9,461 were surrendered to the company to satisfy tax withholding obligations at $8.66 per share, totaling $81,932. The conversion added a net 29,393 shares to his holdings (38,854 vested − 9,461 withheld).

Key Details

• Transaction date: 2026-02-28.
• Vesting/conversion: 38,854 RSUs converted into 38,854 common shares (reported as derivative exercise/conversion, code M).
• Tax withholding: 9,461 shares surrendered (code F) at $8.66 per share for $81,932.
• Net shares received: 29,393 shares.
• Footnotes: RSUs were granted on Feb 28, 2025; remaining unvested portions vest every six months through Feb 25, 2028. Surrendered units were used for tax withholding.
• Shares owned after the transaction: not specified in the filing.

Context

• This was not an open-market purchase or sale for cash — it was a vesting event (award conversion) with a customary share surrender to cover taxes (a common administrative/withholding transaction). That tax withholding should not be interpreted as a discretionary sell decision.