Andre C. Bouchard - Nov 15, 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 15, 2023
Transactions value $
$0
Form type
4
Date filed
11/17/2023, 03:22 PM
Previous filing
Nov 8, 2023
Next filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise $0 +512 +6.37% $0.00 8.55K Nov 15, 2023 Direct F1
transaction TISI Common Stock Options Exercise $0 +299 +3.5% $0.00 8.85K Nov 15, 2023 Direct F1
transaction TISI Common Stock Options Exercise $0 +8.72K +98.59% $0.00 17.6K Nov 15, 2023 Direct F1
transaction TISI Common Stock Tax liability $0 -2.24K -12.74% $0.00 15.3K Nov 15, 2023 Direct F2
holding TISI Common Stock 1.06K Nov 15, 2023 401K Plan

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 Options Exercise $0 -8.72K -33.33% $0.00 17.4K Nov 15, 2023 Common Stock 8.72K Direct F3, F4
transaction TISI Restricted Stock Units Options Exercise $0 -512 -100% $0.00* 0 Nov 15, 2023 Common Stock 512 Direct F3, F5
transaction TISI Restricted Stock Units Options Exercise $0 -299 -100% $0.00* 0 Nov 15, 2023 Common Stock 299 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents vesting of Restricted Stock Units and conversion to Team Common Stock.
F2 Represents Stock Units withheld to satisfy tax obligations.
F3 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F4 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.
F5 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.
F6 Stock Units vest 25% on 11/15/2020, 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 the respective vesting schedule.