Form 4: Team Inc. Executive Matthew Acosta Reports Stock Transactions

Matthew Acosta, VP & Chief Accounting Officer at Team Inc., reports the vesting and conversion of restricted stock units and shares withheld for tax obligations.

Summary

• Matthew Acosta, a VP & Chief Accounting Officer at Team Inc., reported transactions involving the company's common stock.
• On November 17, 2024, 128 restricted stock units vested and were converted into common stock.
• Also on November 17, 2024, 31 shares were withheld to cover tax obligations related to the vesting of the restricted stock units.
• Following these transactions, Mr. Acosta directly owns 705 shares of Team Inc. common stock.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The vesting of restricted stock units is a common form of executive compensation, and the tax withholding is a standard procedure.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect routine executive compensation.

Key Dates

Keywords

insider trading, stock transaction, restricted stock units, Form 4, TEAM Inc, TISI, executive compensation