Nelson M. Haight - Jun 21, 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Chief Financial Officer
Signature
/s/ Nelson M. Haight
Stock symbol
TISI
Transactions as of
Jun 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/22/2022, 04:48 PM
Previous filing
Jun 14, 2022
Next filing
Jun 22, 2023

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 +262K $0.00 262K Jun 21, 2022 Common Stock 262K 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 Stock Units vest one-third on 6/21/2023, 6/21/2024 and 6/21/2025, 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.