Kurt Hallead, VP-Treasurer & IR at TETRA Technologies (NYSE:TTI), reported an open-market purchase of 22,000 shares for a transaction value of approximately $217,000, according to a SEC Form 4 filing.
Transaction summary
Metric | Value |
|---|---|
Shares traded | 22,000 |
Transaction value | $217,000 |
Post-transaction shares (direct) | 170,764 |
Post-transaction value (direct ownership) | ~$1.67 million |
Transaction value based on SEC Form 4 weighted average purchase price ($9.86); post-transaction value based on June 9, 2026, market close ($9.78).
Key questions
How does this purchase compare to Hallead’s prior trading activity?
This is Hallead’s third direct open-market purchase since May 2025, maintaining an accumulation cadence that has increased his holdings from zero to 170,764 shares over five transactions, with no sell activity reported.What is the impact of this transaction on his ownership position?
The acquisition increased direct ownership by 14.79%, bringing his post-transaction holdings to 170,764 shares, or approximately 0.13% of the company’s outstanding shares as of the latest filing.Was there any involvement of indirect entities or derivative securities?
No; all shares were directly acquired and held, with no trusts, LLCs, or derivative awards disclosed in this transaction.How does the timing align with share price performance?
The purchase occurred after a substantial one-year total return of 177.19%, suggesting continued conviction as shares were priced at $9.86 at the time of purchase versus $10.45 as of June 12, 2026.
Company overview
Metric | Value |
|---|---|
Revenue (TTM) | $630 million |
Net income (TTM) | $8.5 million |
Employees | 1,400 |
1-year price change | 189.7% |
* 1-year price change calculated using June 12, 2026, as the reference date.
Company snapshot
Offers specialized completion fluids, chemical additives, and calcium chloride products, as well as water management and flowback services for the oil and gas industry.
Generates revenue through the production, distribution, and service delivery of essential fluids and water solutions used in drilling, completion, and well maintenance operations globally.
Serves oil and gas operators and service companies across North America, Latin America, Europe, the Middle East, Africa, and Asia.
TETRA Technologies is a global provider of critical products and services supporting oil and gas well operations, with a focus on completion fluids and water management solutions. The company’s diversified portfolio and international reach enable it to serve a broad spectrum of upstream energy customers. Its ability to deliver specialized chemical products and integrated services positions it as a key partner in complex oilfield environments.
