Murphy Brady M 4

What Happened
Brady M. Murphy, President & CEO of Tetra Technologies (TTI), had two restricted stock unit (RSU) awards convert into common shares on February 25, 2026. A total of 117,887 RSUs converted into shares (57,391 + 60,496). To satisfy tax withholding, Murphy surrendered 50,251 of those shares (24,306 + 25,945) at a withholding value of $11.14 per share, totaling $559,796. The RSUs converted at no cash exercise price (reported as $0), leaving a net issuance of 67,636 shares to Murphy (worth about $753,465 at $11.14/share).

Key Details

• Transaction date: February 25, 2026; Form 4 filed February 27, 2026 (appears filed within the typical 2-business-day window).
• Converted (M) / Acquired: 57,391 and 60,496 shares (RSU conversion) at $0 exercise price.
• Surrendered for tax withholding (F): 24,306 and 25,945 shares at $11.14 per share; total withholding value $559,796.
• Net shares retained after withholding: 67,636 shares (117,887 converted − 50,251 withheld).
• Footnotes: conversions came from RSU grants dated Feb 22, 2023 (fully vested) and Feb 19, 2024 (partial vesting). The 2023 award has no remaining unvested portion; the 2024 award has remaining units that vest every six months through Feb 25, 2027.
• Filing timeliness: no late filing flag shown; filing date is two days after the transaction date.

Context

• These transactions are conversions of RSUs (derivative instruments) into common stock and a customary “share surrender” to cover tax withholding — not an open-market sale or purchase. Such withholding is routine and doesn’t necessarily signal a view on the stock.
• Because this was a conversion of awarded RSUs (no cash purchase), it’s primarily an equity compensation event rather than an active buy or sell by the insider.