Form 4: Team Inc. CFO Nelson Haight Reports Stock Transactions
SEC Form 4 Filing
Nelson Haight, CFO of Team Inc., reports the vesting and conversion of restricted stock units and subsequent tax withholding.
Summary
- On November 6, 2024, Nelson Haight, the Chief Financial Officer of Team Inc. (TISI), reported transactions involving Team Inc. common stock.
- Haight vested 18,703 restricted stock units, which converted into an equal number of common stock shares.
- 6,818 shares were withheld to satisfy tax obligations related to the vesting.
- Following these transactions, Haight directly owns 25,157 shares of Team Inc. common stock.
- Haight also owns 37,406 Restricted Stock Units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive, with no inherently positive or negative implications for the company's performance or outlook.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| 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 Restricted Stock Units. |
| 11/08/2024 | Date of signature on the Form 4 filing. |
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