Form 4: TEAM Inc. CFO Nelson Haight Reports Stock Option Exercise and Tax-Related Sale

TEAM Inc.'s Chief Financial Officer, Nelson M. Haight, reported the exercise of stock options and a subsequent tax-related disposition of shares, resulting in a net increase in his direct beneficial ownership.

Summary

• Nelson M. Haight, Chief Financial Officer of TEAM Inc. (TISI), filed a Form 4 reporting changes in his beneficial ownership of common stock.
• On June 21, 2025, Mr. Haight acquired 8,720 shares of common stock through the exercise of a derivative security (likely stock options) at a price of $0.
• Concurrently, on June 21, 2025, he disposed of 3,179 shares of common stock at a price of $0, typically for tax withholding purposes related to the option exercise.
• Following these transactions, Mr. Haight directly beneficially owns 30,530 shares of TEAM Inc. common stock.
• The transactions were made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 6

Explanation: The filing indicates a net increase in the CFO's direct beneficial ownership of TEAM Inc. common stock, which can be viewed as a positive sign of alignment with shareholder interests. However, the transactions are routine (option exercise and tax withholding) and were conducted under a pre-arranged 10b5-1 plan, making them largely expected rather than indicative of new sentiment.

Positives

• The Chief Financial Officer, Nelson M. Haight, increased his overall direct beneficial ownership of TEAM Inc. common stock by 5,541 shares (8,720 acquired 3,179 disposed).
• The acquisition of shares at a $0 price suggests the exercise of stock options, which typically indicates the options were "in the money" and thus valuable.
• The transaction was conducted under a Rule 10b5-1(c) plan, which demonstrates a pre-arranged, non-discretionary trading strategy, often viewed positively as it mitigates concerns about trading on inside information.

Negatives

• The disposition of 3,179 shares, while likely for tax withholding, represents a reduction in the CFO's direct holdings.

Future Outlook

This Form 4 filing does not provide any forward-looking statements or guidance regarding the company's future performance or strategy.

Industry Context

This Form 4 filing is a routine disclosure of insider stock transactions and does not provide information to analyze broader industry trends or competitor activities. It reflects an individual executive's equity compensation and ownership changes within the company.

Related Party Transactions

• The document reports an insider transaction (CFO's stock activity), which is a type of related party dealing. This involves the exercise of stock options and a subsequent tax-related disposition of shares by Nelson M. Haight, the Chief Financial Officer of TEAM Inc.

Stakeholder Impact

• Shareholders: The net increase in the CFO's direct ownership aligns his interests more closely with shareholders. The transparency of the transaction via Form 4 provides insight into insider activity.

Key Dates

Keywords

TEAM Inc., TISI, Nelson M. Haight, Chief Financial Officer, CFO, SEC Form 4, Insider Trading, Stock Ownership, Beneficial Ownership, Stock Options, Rule 10b5-1, Equity Compensation