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

Role
Interim CEO
Signature
/s/ Keith D. Tucker
Issuer symbol
TISI
Transactions as of
21 Mar 2022
Net transactions value
$0
Form type
4
Filing time
22 Jun 2022, 16:41:02 UTC
Previous filing
23 Dec 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 +216,668 $0.000000 216,668 21 Mar 2022 Common Stock 216,668 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.