NELSON M. HAIGHT - 21 Jun 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Chief Financial Officer
Signature
/s/ Nelson M. Haight
Issuer symbol
TISI
Transactions as of
21 Jun 2022
Transactions value $
$0
Form type
4
Filing time
22 Jun 2022, 16:48:33 UTC
Previous filing
14 Jun 2022
Next filing
22 Jun 2023
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 +261,628 $0 261,628 21 Jun 2022 Common Stock 261,628 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of TISI Common Stock.
F2 Stock Units vest one-third on 6/21/2023, 6/21/2024 and 6/21/2025, 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.