Michael J. Caliel - 08 Apr 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Director
Signature
/s/ Michael J. Caliel
Issuer symbol
TISI
Transactions as of
08 Apr 2022
Transactions value $
$0
Form type
4
Filing time
11 Apr 2022, 16:01:54
Previous filing
25 Mar 2022
Next filing
23 May 2022
SEC
View on sec.gov

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 +44.2K $0.00 44.2K 08 Apr 2022 Common Stock 44.2K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units convert on a 1-for-1 basis into shares of Team Common Stock.
F2 Restricted Stock Units become fully vested on April 8, 2023, unless earlier terminated in accordance with the Plan. Restricted Stock Units will automatically convert into shares of Common Stock in accordance with the vesting schedule.