Form 4: Team Inc. CEO Keith D. Tucker Reports Stock Transactions
SEC Form 4 Filing
CEO Keith D. Tucker reports the vesting and conversion of restricted stock units into Team Inc. common stock, along with transactions to cover tax obligations.
Summary
- On November 6, 2024, Keith D. Tucker, CEO of Team Inc., reported transactions involving the company's common stock.
- 28,055 restricted stock units vested and were converted into common stock.
- 11,133 shares were withheld to satisfy tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Tucker directly owns 35,255 shares of common stock and indirectly owns 815 shares through a 401-K.
- Tucker also continues to hold 56,109 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Future Outlook
The remaining restricted stock units will vest in one-third increments on November 6, 2025, and November 6, 2026.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is a common practice in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of shares held by the CEO.
- The vesting of restricted stock units is part of the executive compensation plan, impacting the CEO's overall remuneration.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of earliest transaction: Vesting of restricted stock units and conversion to common stock; shares withheld for tax obligations. |
| 11/06/2024 | One-third of the stock units vest. |
| 11/06/2025 | One-third of the stock units vest. |
| 11/06/2026 | One-third of the stock units vest. |
| 11/06/2033 | Expiration date of the restricted stock units. |
| 11/08/2024 | Date of signature. |
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