4/A: TEAM Inc. CFO Nelson Haight Amends SEC Filing to Correct Tax Withholding Error

TEAM Inc.'s Chief Financial Officer, Nelson Haight, amended a previous SEC filing to correct an error regarding shares withheld for tax obligations.

Summary

• Nelson Haight, the Chief Financial Officer of TEAM Inc., filed an amended Form 4 with the SEC.
• The amendment corrects an administrative error in the original filing from November 8, 2024.
• The error involved the number of shares withheld to satisfy tax obligations related to a transaction on November 6, 2024.
• The corrected filing shows that 6,986 shares of common stock were disposed of at a price of $18.09 per share to cover tax liabilities.
• Following this transaction, Mr. Haight beneficially owns 24,989 shares of TEAM Inc. common 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 transparency and compliance.

Industry Context

This filing is a routine disclosure related to insider transactions and is not indicative of broader industry trends.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this amendment is consistent with regulatory requirements.
• The transaction is similar to other insider transactions where shares are sold to cover tax obligations related to stock-based compensation.

Stakeholder Impact

• The amendment has a minimal impact on shareholders as it is a correction of a previous filing and does not represent a change in the company's fundamentals.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, TEAM Inc, Nelson Haight, Tax Withholding, Share Transaction, CFO