Form 4: Team Inc. Executive VP Andre C. Bouchard Reports Stock Transactions

Executive VP and Chief Legal Officer of Team Inc., Andre C. Bouchard, reports the vesting and conversion of restricted stock units and subsequent tax withholding.

Summary

• Andre C. Bouchard, Executive VP & Chief Legal Officer of Team Inc. (TISI), reported transactions involving Team Inc. common stock on November 6, 2024.
• These transactions included the vesting of 16,833 Restricted Stock Units (RSUs) which converted into common stock.
• 6,136 shares were withheld to satisfy tax obligations related to the vesting of the RSUs.
• Following these transactions, Bouchard directly owns 26,419 shares of common stock and indirectly owns 1,059 shares through a 401K plan.
• He also directly owns 33,665 Restricted Stock Units.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The remaining Restricted Stock Units will vest in two tranches on 11/6/2025 and 11/6/2026.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and any recent changes.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time, aligning executive incentives with long-term shareholder value.
• The vesting schedule of one-third per year is a common practice.
• Tax withholding upon vesting is standard procedure.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect changes in executive ownership.
• The vesting of RSUs is part of the executive's compensation package, impacting their overall remuneration.

Key Dates