4/A: TEAM Inc. CEO Keith D. Tucker Amends SEC Filing to Correct Tax Withholding Error

TEAM Inc.'s CEO, Keith D. Tucker, amended a previous SEC filing to correct an error regarding shares withheld for tax obligations.

Summary

• This document is an amended SEC Form 4 filing by Keith D. Tucker, CEO of TEAM Inc.
• The original filing, dated November 8, 2024, contained an error regarding the number of shares withheld to satisfy tax obligations.
• The amendment, filed on December 20, 2024, corrects this error.
• The transaction involved the disposal of 11,385 shares of common stock at a price of $18.09 per share.
• Following the transaction, Mr. Tucker beneficially owns 35,003 shares of TEAM Inc. stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of an administrative error in an SEC filing, which is neutral to slightly positive as it shows attention to detail.

Industry Context

This is a routine filing related to insider transactions and is common for publicly traded companies.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The amendment to correct an administrative error is not unusual and is part of the regulatory compliance process.
• Similar filings are made by executives at all publicly traded companies such as Exxon Mobil, Chevron, and Apple.

Stakeholder Impact

• The amendment has a minor impact on shareholders as it corrects a previously reported transaction.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, TEAM Inc, Keith D. Tucker, Tax Withholding, Stock Transaction