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 shares withheld for tax obligations.
Summary
- On June 21, 2024, Nelson M. Haight, the Chief Financial Officer of Team Inc. (TISI), reported transactions involving Team Inc. common stock.
- Specifically, 8,721 shares were acquired through the vesting of Restricted Stock Units and their conversion to common stock at a price of $0.
- Additionally, 2,046 shares were disposed of to satisfy tax obligations, also at a price of $0.
- Following these transactions, Haight directly owns 13,272 shares of Team Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation-related stock activity.
Key Dates
| Date | Description |
|---|---|
| 06/21/2024 | Date of stock transactions: vesting of Restricted Stock Units and shares withheld for tax obligations. |
| 06/24/2024 | Date of signature for the report. |
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