Form 4: Team Inc. Director Michael J. Caliel Increases Stake with Recent Stock Purchase

Director Michael J. Caliel reports purchasing 2,782 shares of Team Inc. common stock at an average price of $5.68 on March 20, 2024, increasing his direct holdings to 40,378 shares.

Summary

• On March 20, 2024, Michael J. Caliel, a director of Team Inc., purchased 2,782 shares of the company's common stock.
• The shares were acquired at a weighted average price of $5.68, with individual transactions ranging from $5.64 to $5.69.
• Following this transaction, Caliel directly owns 40,378 shares of Team Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. A director purchasing shares suggests confidence, but it's a relatively small transaction.

Positives

• A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.

Industry Context

Director's stock purchases are common and closely watched indicators of management's sentiment towards their own company's valuation and future prospects. This purchase could be interpreted as a positive signal to the market.

Stakeholder Impact

• The stock purchase could have a minor positive impact on shareholder sentiment.

Key Dates