Andre C. Bouchard - 17 Nov 2022 Form 4 Insider Report for TEAM INC (TISI)

Reporting relationship: Exec VP & Chief Legal Officer
Issuer ticker: TISI
Reported as of: 17 Nov 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 Nov 2022, 10:50:14 UTC
Prior SEC filing: 17 Nov 2022
Next SEC filing: 08 Nov 2023
Source filing: View source filing
Reporting owner signature: /s/ Andre C. Bouchard

Key filing fact

Andre C. Bouchard filed Form 4 for TEAM INC (TISI) on 21 Nov 2022.

Key facts

This page summarizes Andre C. Bouchard's Form 4 filing for TEAM INC (TISI).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 21 Nov 2022, 10:50.

Change

Previous filing in this sequence was filed on 17 Nov 2022.
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: +5,128
Change %: +6.5%
Price: $0.000000
Shares after: 83,841
Date: 17 Nov 2022
Ownership: Direct
Footnotes: F1

TISI transaction

Common Stock

Tax liability

Transaction value: $0
Shares: -1,249
Change %: -1.5%
Price: $0.000000
Shares after: 82,592
Date: 17 Nov 2022
Ownership: Direct
Footnotes: F1, F2

Reported derivative securities

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

TISI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value: $0
Shares: -5,128
Change %: -33%
Price: $0.000000
Shares after: 10,257
Date: 17 Nov 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 5,128
Exercise price
Footnotes: F3, F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

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

Footnote F2

Represents Stock Units withheld to satisfy tax obligations.

Footnote F3

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

Footnote F4

Stock Units vest one-third on 11/17/2022, 11/17/2023 and 11/15/2024, 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.