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

Michael J. Caliel, Executive Chairman of Team Inc., amended a previous SEC filing to correct an error related to shares withheld for tax obligations.

Summary

• This document is an amended SEC Form 4 filing by Michael J. Caliel, Executive Chairman of Team Inc.
• The amendment corrects an administrative error in the original filing from November 8, 2024.
• The correction pertains to the number of shares withheld to satisfy tax obligations related to a transaction on November 6, 2024.
• The transaction involved the disposal of 7,591 common stock shares at a price of $18.09 per share.
• Following the transaction, Mr. Caliel beneficially owns 68,581 shares of Team Inc. common stock.

Sentiment

Score: 7

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

Industry Context

This is a standard SEC filing related to changes in beneficial ownership by a company executive, which is a common occurrence in the public markets.

Comparison to Industry Standards

• SEC Form 4 filings are a standard requirement for company insiders who trade their company's stock.
• The amendment to correct an administrative error is not unusual and is part of the regulatory compliance process.
• The transaction is a relatively small number of shares compared to the total outstanding shares of the company.

Stakeholder Impact

• The amendment has a minimal impact on stakeholders as it is a correction of a previous filing.

Key Dates

Keywords

SEC Filing, Form 4, Beneficial Ownership, Team Inc, Michael J. Caliel, Stock Transaction, Tax Withholding, Executive Chairman