Amerino Gatti - Nov 17, 2021 Form 4 Insider Report for TEAM INC (TISI)

Role
Chairman & CEO, Director
Signature
/s/ Amerino Gatti
Stock symbol
TISI
Transactions as of
Nov 17, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 01:04 PM
Previous filing
Nov 22, 2021
Next filing
Dec 10, 2021

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TISI Restricted Stock Units Award $0 +63.1K $0.00 63.1K Nov 17, 2021 Common Stock 63.1K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F2 Stock Units vest one-third on 11/17/2022, 11/17/2023 and 11/17/2024, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with the respective vesting schedule.