Andre C. Bouchard - 17 Nov 2021 Form 4 Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Issuer symbol
TISI
Transactions as of
17 Nov 2021
Net transactions value
$0
Form type
4
Filing time
23 Dec 2021, 13:05:54 UTC
Previous filing
22 Nov 2021
Next filing
17 Nov 2022
SEC
View on sec.gov

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 +15,385 $0.000000 15,385 17 Nov 2021 Common Stock 15,385 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.