Form 4: Team Inc. CEO Keith D. Tucker Reports Stock Transactions
SEC Form 4 Filing
Team Inc. CEO Keith D. Tucker reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Team Inc. CEO Keith D. Tucker reported the vesting of 410 restricted stock units which converted to common stock on November 17, 2024.
- Following the vesting, 163 shares were withheld to cover tax obligations.
- After these transactions, Mr. Tucker directly owns 35,502 shares of Team Inc. common stock.
- He also indirectly owns 815 shares through a 401-K.
Sentiment
Score: 5
Explanation: This is a neutral report of routine stock transactions, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing for a company executive's stock transactions, which is common practice and required by the SEC.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies, and this filing is consistent with those requirements.
- The vesting schedule of the restricted stock units is typical for executive compensation packages.
- The tax withholding is a standard procedure when stock units vest.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| 11/17/2022 | First vesting date of one-third of the restricted stock units. |
| 11/17/2023 | Second vesting date of one-third of the restricted stock units. |
| 11/15/2024 | Third vesting date of one-third of the restricted stock units. |
| 11/17/2024 | Date of the reported stock transactions. |
| 11/18/2024 | Deemed execution date of the reported stock transactions. |
| 11/19/2024 | Date of the report filing. |
| 11/17/2031 | Expiration date of the restricted stock units. |
Keywords
stock, restricted stock units, insider trading, CEO, Team Inc, TISI, equity, vesting
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