GLICK JOHN F 4
Research Summary
AI-generated summary
Tetra Technologies (TTI) Director John F. Glick Receives RSU Award
What Happened
- John F. Glick, a director of Tetra Technologies, received a grant of 17,983 restricted stock units (RSUs) on 2026-05-22. The award is reported as a derivative grant (code A) and was recorded at $0 acquisition price because it is an RSU award rather than an open-market purchase. Using the closing stock price on the grant date ($10.41), the grant had an implied value of about $187,200.
Key Details
- Transaction date: 2026-05-22; filing date: 2026-05-26 (filed four days after the grant; appears timely).
- Reported acquisition: 17,983 RSUs; Form shows $0 per-share acquisition price (typical for RSU grants).
- Grant-date closing price (for reference): $10.41 per share (implied value ≈ $187,203).
- Vesting: Cliff vests on the one-year anniversary of the grant date, subject to continued service. Vested units will be settled in shares unless the company elects cash or a combination.
- Plan: Award granted under the Tetra Technologies, Inc. Third Amended and Restated 2018 Equity Incentive Plan.
- Shares owned after transaction: not specified in the provided filing details.
Context
- This is an equity compensation award for future shares (not an immediate buy or sell). RSU grants are common for directors and are typically intended to align long-term interests with shareholders; they do not indicate immediate buying/selling intent.
- Because the RSUs cliff-vest in one year and may be settled in cash or stock, the actual dilution and ultimate share delivery depend on future vesting and the company's settlement choice.