Fiona Sutherland - Apr 11, 2025 Form 4 Insider Report for ACUREN CORP (TIC)

Role
GENERAL COUNSEL
Signature
/s/ Fiona Sutherland
Stock symbol
TIC
Transactions as of
Apr 11, 2025
Transactions value $
$0
Form type
4
Date filed
4/15/2025, 04:30 PM
Previous filing
Feb 14, 2025
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 TIC Restricted Stock Units Award $0 +20K $0.00 20K Apr 11, 2025 Common Stock 20K Direct F1, F5
transaction TIC Performance Based Restricted Stock Units Award $0 +40K $0.00 40K Apr 11, 2025 Common Stock 40K Direct F3, F6
holding TIC Restricted Stock Units 30K Apr 11, 2025 Common Stock 30K Direct F1, F2
holding TIC Performance Based Restricted Stock Units 30K Apr 11, 2025 Common Stock 30K Direct F3, F4
* 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 the Issuer's Common Stock.
F2 These restricted stock units vest 33 1/3% on the first through third anniversaries of the grant date (July 30, 2024).
F3 Each performance based restricted stock unit represents a contingent right to receive one share of the Issuer's Common Stock.
F4 Subject to the volume weighted average price ("VWAP") of the Issuer's Common Stock reaching a specified price over a ten (10) consecutive trading day period at any time during the period commencing on February 18, 2025 and ending on July 30, 2029 (the "VWAP Achievement Period"), these performance based restricted stock units shall vest on the later of (x) July 30, 2025 and (y) the calendar day following the last day of the VWAP Achievement Period.
F5 These restricted stock units vest on the third anniversary of the grant date (April 11, 2025).
F6 These performance based restricted stock units have a three-year performance period and to the extent earned will vest on April 11, 2028. The number of shares of Common Stock that will be earned is subject to decrease based on the result of the performance condition.