John Angela D 4
Research Summary
AI-generated summary
TETRA (TTI) Director John Angela D Receives RSU Award
What Happened
John Angela D, a director of TETRA TECHNOLOGIES, INC. (TTI), was granted 13,987 restricted stock units (RSUs) on 2026-05-22. The Form 4 reports an acquisition (code A) of 13,987 derivative units at $0.00; using the closing stock price on the grant date ($10.41) the award had an approximate grant value of $145,605. This is an equity compensation award (not an open-market purchase or sale).
Key Details
- Transaction date: 2026-05-22 (Form 4 filed 2026-05-26)
- Reported price: $0.00 (derivative grant); closing price used to value award: $10.41
- Grant size/value: 13,987 RSUs ≈ $145,605 (13,987 × $10.41)
- Transaction code: A (award/grant of derivative securities)
- Shares owned after transaction: not disclosed in the filing
- Footnotes: Each RSU converts to one share upon vesting. The award cliffs vests on the one-year anniversary of the grant date, subject to continued service. On settlement the company may deliver shares, cash, or a combination at its discretion. Award granted under the TETRA 2018 Equity Incentive Plan.
- Filing timeliness: Form 4 was filed four days after the grant date; the filing does not show any explicit late-filing flag.
Context
RSUs are a form of compensation that give the recipient a contingent right to future shares if vesting conditions are met; they do not represent immediately tradable shares. Such awards are common for directors and employees and should be viewed primarily as compensation rather than a direct personal buy signal. The award only becomes stock (or cash equivalent) if/when it vests and is settled.