Matthew E. Acosta - 17 Nov 2024 Form 4 Insider Report for TEAM INC (TISI)

Role
VP & Chief Accounting Officer
Signature
/s/ Matthew E. Acosta
Issuer symbol
TISI
Transactions as of
17 Nov 2024
Net transactions value
$0
Form type
4
Filing time
19 Nov 2024, 15:54:31 UTC
Previous filing
21 Nov 2023
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 +128 +21% 736 17 Nov 2024 Direct F1
transaction TISI Common Stock Tax liability -31 -4.2% 705 17 Nov 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 -128 -100% 0 17 Nov 2024 Common Stock 128 Direct F1, 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 Stock Units vest one-third on 11/17/2022, 11/17/2023 and 11/17/2024, 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.
F4 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.