Form 4: CFO Haight's Equity Stake Shifts Post-RSU Vesting

TEAM Inc.'s CFO, Nelson M. Haight, saw 18,703 Restricted Stock Units vest and convert to common stock, with a portion withheld for taxes.

Summary

• Nelson M. Haight, Chief Financial Officer of TEAM INC (TISI), reported changes in his beneficial ownership of company securities.
• On November 6, 2025, 18,703 Restricted Stock Units (RSUs) vested and converted into an equal number of shares of TEAM Inc. Common Stock.
• Following the vesting, 6,986 shares of Common Stock were disposed of at a price of $15.86 per share to satisfy tax obligations.
• After these transactions, Haight directly beneficially owns 42,247 shares of Common Stock.
• Additionally, 18,703 Restricted Stock Units remain beneficially owned, representing the final one-third portion of the original grant, scheduled to vest on November 6, 2026.

Sentiment

Score: 6

Explanation: Routine insider transaction involving the scheduled vesting of Restricted Stock Units and subsequent tax withholding, reflecting standard executive compensation practices. No material positive or negative implications for the company's operational or financial performance are indicated.

Positives

• The vesting of Restricted Stock Units indicates the execution of a long-term incentive plan, aligning management's interests with shareholder value.
• The transaction reflects a standard component of executive compensation, demonstrating the company's commitment to its compensation structure.

Negatives

• A portion of the vested shares (6,986 shares) was disposed of to cover tax obligations, resulting in a reduction of direct common stock ownership.

Future Outlook

The final one-third of the initial Restricted Stock Unit grant is scheduled to vest on November 6, 2026, indicating a continued alignment of executive incentives with future company performance.

Industry Context

Form 4 filings are routine disclosures for publicly traded companies, providing transparency into insider transactions. The vesting of Restricted Stock Units and subsequent tax withholding are common practices in executive compensation across various industries, reflecting standard long-term incentive programs.

Comparison to Industry Standards

• The vesting of Restricted Stock Units and the subsequent disposal of shares for tax purposes are standard components of executive compensation packages in public companies, aligning with common industry practices for long-term incentive plans.
• This type of transaction is typical for executives receiving equity-based compensation, similar to practices observed at comparable industrial services or energy sector companies.

Stakeholder Impact

• Shareholders: Provides transparency into executive equity ownership and compensation structure, confirming the execution of established incentive plans.
• Employees: Reinforces the company's commitment to its equity compensation programs for key personnel.

Next Steps

• The final one-third of the initial Restricted Stock Unit grant is scheduled to vest on November 6, 2026.

Key Dates

Recommendation

This Form 4 details a routine vesting of Restricted Stock Units and subsequent tax-related share disposal by a company officer. Such transactions are standard components of executive compensation and do not typically indicate a change in the company's fundamental performance or outlook, thus warranting a 'hold' recommendation based solely on this filing.

Keywords

TEAM Inc, TISI, Form 4, Insider Transaction, Restricted Stock Units, RSU Vesting, CFO, Equity Compensation, Beneficial Ownership