Andre C. Bouchard - 15 Nov 2024 Form 4 Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Issuer symbol
TISI
Transactions as of
15 Nov 2024
Net transactions value
$0
Form type
4
Filing time
19 Nov 2024, 15:51:02 UTC
Previous filing
19 Dec 2024
Next filing
20 Feb 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TISI Common Stock Options Exercise +8,721 +33% 35,140 15 Nov 2024 Direct F1
transaction TISI Common Stock Tax liability -3,179 -9% 31,961 15 Nov 2024 Direct F2
transaction TISI Common Stock Options Exercise +512 +1.6% 32,473 17 Nov 2024 Direct F1
transaction TISI Common Stock Tax liability -187 -0.58% 32,286 17 Nov 2024 Direct F2
holding TISI Common Stock 1,059 15 Nov 2024 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 -8,721 -50% 8,720 15 Nov 2024 Common Stock 8,721 Direct F1, F3, F4
transaction TISI Restricted Stock Units Options Exercise -512 -100% 0 17 Nov 2024 Common Stock 512 Direct F1, F4, F5
* 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 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.
F4 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F5 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.