Murphy Brady M 4
Research Summary
AI-generated summary
TETRA (TTI) CEO Brady M. Murphy Receives RSU Award
What Happened
- Brady M. Murphy (listed on the filing as Murphy Brady M), President & CEO of TETRA Technologies, was granted 130,942 restricted stock units (RSUs) on 2026-02-18. The award price is $0 because these are derivative awards; using the company's closing share price of $11.15 on the grant date, the award had an implied value of about $1.46 million. This is an equity award (grant), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (appears timely).
- Transaction type/code: A (award/grant); derivative security (RSUs).
- Shares involved: 130,942 RSUs granted; grant value ≈ $1.46M based on $11.15 close (footnote F1).
- Shares owned after transaction: Not specified in the provided filing data.
- Plan/terms: Grant made under the TETRA Technologies, Inc. Third Amended & Restated 2018 Equity Incentive Plan (footnote F2).
- Vesting/settlement notes (footnote F2): One-third vests 02/18/2027; then one-sixth vests on each Aug 25 and Feb 25 thereafter until fully vested on 02/25/2029. Vested units will be delivered on the settlement date unless the company elects to settle in cash or a cash/share mix.
Context
- RSUs are a deferred equity award that convert to shares (or cash) only if vesting conditions are met; they do not represent immediate open-market buying or selling. Such grants are routine for executives as part of compensation and retention and do not, by themselves, reveal the insider’s trading view.