McNiven Roy 4

What Happened

• Roy McNiven, Senior Vice President of Tetra Technologies (TTI), had restricted stock units (RSUs) vest on Feb 25, 2026. A total of 26,366 shares converted from RSUs into common stock (12,754 + 13,612). To cover tax withholding, 10,936 shares (5,019 + 5,917) were surrendered to the company at an effective price of $11.14 per share, generating cash value of $121,827 ($55,912 + $65,915). The remaining shares were issued to McNiven. This was a vesting/conversion of RSUs with share-withholding for taxes (not an open-market sale or cash purchase).

Key Details

• Transaction date: 2026-02-25; Form filed: 2026-02-27 (timely filing)
• RSU conversions reported as derivative exercises (code M) with tax-withholding disposals (code F)
• Shares converted (acquired): 12,754 and 13,612 (total 26,366)
• Shares surrendered for taxes (disposed): 5,019 and 5,917 (total 10,936) at $11.14 each; total value ~$121,827
• Footnotes:
  • F1/F3: conversions from RSUs granted 2/22/2023 and 2/19/2024 (1-for-1 conversion)
  • F2/F4: units surrendered to issuer for tax withholding
  • F5: no remaining unvested portion of the 2023 award
  • F6: remaining portion of the 2024 award vests every six months until fully vested on Feb 25, 2027
• Shares owned after the transaction are not specified in the provided excerpt of the filing

Context

• This was a routine RSU vesting event with a sell-to-cover (share surrender for tax withholding), which is common and does not by itself indicate a change in insider sentiment. These transactions differ from open-market sales or cash exercises of stock options: here RSUs simply converted into shares and a portion was used to satisfy withholding tax obligations.