Armour Joseph Bryan 4
Research Summary
AI-generated summary
TETRA TECHNOLOGIES (TTI) SVP Joseph Armour Receives RSU Award
What Happened
Armour Joseph Bryan, Senior Vice President of TETRA Technologies, was granted 24,203 restricted stock units (RSUs) on 2026-06-05. The Form 4 reports an acquisition price of $0.00 for the award; the issuer's closing share price on the grant date was $9.29, implying a grant-date value of about $224,846. This is an equity award (derivative grant), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-05; Form 4 filed 2026-06-08. No late-filing flag reported.
- Transaction type/code: A (Award/Grant of derivative RSUs). Acquisition price: $0.00.
- Award size: 24,203 RSUs; grant-date closing price: $9.29; implied value ≈ $224,846.
- Vesting/plan notes: RSUs cliff-vest on the one-year anniversary of the grant date, subject to continued service; vested units will be settled in shares, cash, or a mix at the issuer’s discretion (granted under the 2018 Equity Incentive Plan). (Footnotes F1 & F2)
- Shares owned after transaction: not specified in the provided filing.
Context
RSUs are a contingent right to receive shares upon vesting; this grant does not represent an immediate purchase or sale. Equity awards are common compensation for executives and are not by themselves a clear bullish or bearish signal—vesting conditions and settlement timing determine eventual share issuance or cash settlement.