Andre C. Bouchard - 15 Nov 2023 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 2023
Net transactions value
$0
Form type
4
Filing time
17 Nov 2023, 15:22:23 UTC
Previous filing
08 Nov 2023
Next 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 $0 +512 +6.4% $0.000000 8,547 15 Nov 2023 Direct F1
transaction TISI Common Stock Options Exercise $0 +299 +3.5% $0.000000 8,846 15 Nov 2023 Direct F1
transaction TISI Common Stock Options Exercise $0 +8,721 +99% $0.000000 17,567 15 Nov 2023 Direct F1
transaction TISI Common Stock Tax liability $0 -2,238 -13% $0.000000 15,329 15 Nov 2023 Direct F2
holding TISI Common Stock 1,059 15 Nov 2023 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 $0 -8,721 -33% $0.000000 17,441 15 Nov 2023 Common Stock 8,721 Direct F3, F4
transaction TISI Restricted Stock Units Options Exercise $0 -512 -100% $0.000000* 0 15 Nov 2023 Common Stock 512 Direct F3, F5
transaction TISI Restricted Stock Units Options Exercise $0 -299 -100% $0.000000* 0 15 Nov 2023 Common Stock 299 Direct F3, F6
* 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 11/15/2023, 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.
F5 Stock Units vest one third on 11/15/2021, 11/15/2022 and 11/15/2023, unless earlier terminated in accordance with the Plan. Stock Units will automatically be converted into shares of Common Stock in accordance with vesting schedule.
F6 Stock Units vest 25% on 11/15/2020, 11/15/2021, 11/15/2022 and 11/15/2023, 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.