Boston Shoemake Alicia r 4
Research Summary
AI-generated summary
TETRA (TTI) Sr. VP Alicia Boston Shoemake Receives RSUs, Withholds 13,001
What Happened
- Alicia Boston Shoemake, Senior Vice President and General Counsel of TETRA TECHNOLOGIES, had 33,037 restricted stock units (RSUs) vest on March 14, 2026. Those RSUs converted one-for-one into common shares (reported as derivative conversion, code M) at no cash exercise price ($0.00).
- To satisfy tax withholding on the vesting, 13,001 of the newly converted shares were surrendered to the company (reported as code F) at an implied value of $8.22 per share, totaling $106,868. This is a routine tax-withholding transaction rather than an open-market sale.
Key Details
- Transaction date: March 14, 2026; Form 4 filed March 17, 2026.
- Shares acquired via vesting/conversion: 33,037 shares (acquisition price reported $0.00).
- Shares withheld for taxes: 13,001 shares @ $8.22 = $106,868.
- Footnotes: RSUs were granted on March 14, 2025 and convert one-for-one; units were surrendered for tax withholding; no remaining unvested portion of this award.
- Shares owned after transaction: not specified in the provided filing.
Context
- This was an RSU vesting and tax-withholding event (cashless withholding), not an open-market purchase or voluntary sale. Such transactions are common when equity awards vest and typically reflect routine compensation settlement rather than a directional insider trade signal. Transaction codes: M = conversion of derivative (RSU vesting), F = tax withholding.