4/A: Team Inc. Executive Amends SEC Filing to Correct Tax Withholding Error

An amended SEC filing reveals a correction to a previous transaction by Team Inc.'s Executive VP and Chief Legal Officer, Andre C. Bouchard, regarding shares withheld for tax obligations.

Summary

• This document is an amended SEC Form 4, filed by Andre C. Bouchard, Executive VP & Chief Legal Officer of Team Inc.
• The original Form 4, filed on November 8, 2024, was amended to correct an administrative error.
• The correction pertains to additional shares withheld to satisfy tax obligations related to a transaction on November 6, 2024.
• The transaction involved the disposal of 6,288 common stock shares at a price of $18.09 per share.
• Following the transaction, Mr. Bouchard beneficially owns 26,267 shares of Team Inc. common stock.

Sentiment

Score: 7

Explanation: The document is a routine correction of a previous filing, indicating no significant positive or negative sentiment. It is a neutral administrative update.

Industry Context

This type of filing is a routine disclosure for corporate insiders and is common in the financial industry.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.
• The amendment to correct an administrative error is not unusual and is part of the regulatory compliance process.
• Similar filings are made by executives at all publicly traded companies, such as those in the S&P 500, including companies like General Electric or Apple.

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, Stock Transaction, Tax Withholding, Team Inc, TISI, Andre C. Bouchard