Andre C. Bouchard - Nov 6, 2023 Form 4 Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Stock symbol
TISI
Transactions as of
Nov 6, 2023
Transactions value $
$0
Form type
4
Date filed
11/8/2023, 03:42 PM
Previous filing
Nov 21, 2022
Next filing
Nov 17, 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 +50.5K $0.00 50.5K Nov 6, 2023 Common Stock 50.5K 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 11/6/2024, 11/6/2025, 11/6/2026, 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.