Keith D. Tucker - Mar 21, 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Interim CEO
Signature
/s/ Keith D. Tucker
Stock symbol
TISI
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/22/2022, 04:41 PM
Previous filing
Dec 23, 2021
Next filing
Nov 17, 2022

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 +217K $0.00 217K Mar 21, 2022 Common Stock 217K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F2 100% of the RSUs will vest on March 21, 2023 as long as Mr. Tucker is serving as Interim Chief Executive Officer or Chief Executive Officer of the Company on March 21, 2023. Only 50% of the RSUs will vest on March 21, 2023 if Mr. Tucker remains employed by the Company but is no longer serving as its Interim Chief Executive Officer or Chief Executive Officer.