Nelson M. Haight - Nov 6, 2024 Form 4 Insider Report for TEAM INC (TISI)

Role
Chief Financial Officer
Signature
/s/ Nelson M. Haight
Stock symbol
TISI
Transactions as of
Nov 6, 2024
Transactions value $
$0
Form type
4
Date filed
11/8/2024, 11:35 AM
Previous filing
Jun 24, 2024
This filing has been restated, see here for the amended filing

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise +18.7K +140.92% 32K Nov 6, 2024 Direct F1
transaction TISI Common Stock Tax liability -6.82K -21.32% 25.2K Nov 6, 2024 Direct F2

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 -18.7K -33.33% 37.4K Nov 6, 2024 Common Stock 18.7K Direct F3, F4
* 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 11/6/2024, 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.