Moeller Timothy C 4
Research Summary
AI-generated summary
Tetra Technologies (TTI) SVP Timothy Moeller Exercises RSUs, Surrenders Shares
What Happened
Timothy C. Moeller, SVP — Supply Chain & Chemicals at Tetra Technologies (TTI), had 82,593 restricted stock units (RSUs) vest on March 14, 2026. The RSUs converted into 82,593 common shares (exercise/conversion at $0.00). To satisfy tax withholding, Moeller surrendered 37,043 of those shares at $8.22 each, generating proceeds of $304,493. Net shares received by Moeller from the vesting were 45,550 (82,593 vested − 37,043 surrendered), with an implied net value of about $374,421 using the $8.22 per-share figure reported for withholding.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026.
- Vested/converted: 82,593 shares (derivative conversion, code M) at $0.00 exercise price.
- Shares surrendered for tax withholding: 37,043 shares (code F) at $8.22 each = $304,493.
- Net shares retained from vesting: 45,550 shares.
- Footnotes: RSUs were originally granted March 14, 2025 and convert 1-for-1 to common stock; the surrendered units were used for tax withholding; no remaining unvested portion of this award.
- Shares owned after the transaction were not specified in the provided filing.
Context
This was an award vesting and routine tax-withholding transaction — not an open-market purchase or discretionary sale. The RSUs converted to common shares with no cash exercise price; surrendering part of the award to cover taxes (cashless/stock-withholding) is a common administrative practice and does not by itself signal a buy or sell decision.