Andre C. Bouchard - 15 Nov 2022 Form 4 Insider Report for TEAM INC (TISI)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
17 Nov 2022, 16:17:42 UTC
Prior SEC filing
23 Dec 2021
Next SEC filing
21 Nov 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Andre C. Bouchard

Key filing fact

Andre C. Bouchard filed Form 4 for TEAM INC (TISI) on 17 Nov 2022.

Key facts

  • This page summarizes Andre C. Bouchard's Form 4 filing for TEAM INC (TISI).
  • 8 reported transactions and 4 derivative rows are listed below.
  • Accepted by SEC: 17 Nov 2022, 16:17.

Change

  • Previous filing in this sequence was filed on 23 Dec 2021.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

TISI transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,777
Change %
+3.9%
Price
$0.000000
Shares after
73,247
Date
15 Nov 2022
Ownership
Direct
Footnotes
F1
TISI transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+2,994
Change %
+4.1%
Price
$0.000000
Shares after
76,241
Date
15 Nov 2022
Ownership
Direct
Footnotes
F1
TISI transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+5,128
Change %
+6.7%
Price
$0.000000
Shares after
81,369
Date
15 Nov 2022
Ownership
Direct
Footnotes
F1
TISI transaction

Common Stock

Tax liability

Transaction value
$0
Shares
-2,656
Change %
-3.3%
Price
$0.000000
Shares after
78,713
Date
15 Nov 2022
Ownership
Direct
Footnotes
F2
TISI holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
10,596
Date
15 Nov 2022
Ownership
401K Plan
Footnotes
F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TISI transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+261,628
Change %
Price
$0.000000
Shares after
261,628
Date
15 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
261,628
Exercise price
Footnotes
F4, F5
TISI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,777
Change %
-100%
Price
$0.000000*
Shares after
0
Date
15 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,777
Exercise price
Footnotes
F4, F6
TISI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-2,994
Change %
-50%
Price
$0.000000
Shares after
2,995
Date
15 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,994
Exercise price
Footnotes
F4, F6
TISI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-5,128
Change %
-50%
Price
$0.000000
Shares after
5,128
Date
15 Nov 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
5,128
Exercise price
Footnotes
F4, F7
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

Represents vesting of restricted Stock Units and conversion to Team Common Stock.

Footnote F2

Represents total Stock Units withheld to satisfy tax obligations for vesting on 11/15/2022.

Footnote F3

Represents estimated shares held in 401K Plan.

Footnote F4

Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.

Footnote F5

Stock Units Vest one-third on 11/15/2023, 11/15/2024 and 11/15/2025, 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.

Footnote F6

Stock Units Vest 25% on 11/15/2019, 11/15/2020, 11/15/2021 and 11/15/2022 unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.

Footnote F7

Stock Units vest one third on 11/15/2021, 11/15/2022 and 11/15/2023, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.

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