Andre C. Bouchard - Nov 17, 2022 Form 4 Insider Report for TEAM INC (TISI)

Role
Exec VP & Chief Legal Officer
Signature
/s/ Andre C. Bouchard
Stock symbol
TISI
Transactions as of
Nov 17, 2022
Transactions value $
$0
Form type
4
Date filed
11/21/2022, 10:50 AM
Previous filing
Nov 17, 2022
Next filing
Nov 8, 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 $0 +5.13K +6.51% $0.00 83.8K Nov 17, 2022 Direct F1
transaction TISI Common Stock Tax liability $0 -1.25K -1.49% $0.00 82.6K Nov 17, 2022 Direct F1, 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 $0 -5.13K -33.33% $0.00 10.3K Nov 17, 2022 Common Stock 5.13K 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 11/17/2022, 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.