0000318833-21-000054.txt : 20210514 0000318833-21-000054.hdr.sgml : 20210514 20210514155153 ACCESSION NUMBER: 0000318833-21-000054 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210512 FILED AS OF DATE: 20210514 DATE AS OF CHANGE: 20210514 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gatti Amerino CENTRAL INDEX KEY: 0001675255 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-08604 FILM NUMBER: 21924304 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TEAM INC CENTRAL INDEX KEY: 0000318833 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS REPAIR SERVICES [7600] IRS NUMBER: 741765729 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 BUSINESS PHONE: 2813316154 MAIL ADDRESS: STREET 1: 13131 DAIRY ASHFORD STREET 2: SUITE 600 CITY: SUGAR LAND STATE: TX ZIP: 77478 4 1 wf-form4_162102189698180.xml FORM 4 X0306 4 2021-05-12 0 0000318833 TEAM INC TISI 0001675255 Gatti Amerino 13131 DAIRY ASHFORD, SUITE 600 SUGAR LAND TX 77478 1 1 0 0 Chairman & CEO Performance Stock Units 2021-05-12 4 M 0 465909 0 A 2024-05-12 Common Stock 465909.0 465909 D Performance stock units convert into common stock on a one-for-one basis. On May 12, 2021 the reporting person entered into a Performance Unit Award Agreement pursuant to which the reporting person was granted performance stock units ("PSU") covering 465,909 shares of Company common stock (the "Common Stock"). Each PSU represents a contingent right to receive one share of Common Stock. The PSUs vest in three equal installments (i) based on the date on which each Common Stock price milestone specified in the Performance Unit Award Agreement is achieved during the performance period beginning May 12, 2021 and ending May 12, 2024 and (ii) as to each such installment (x) fifty percent (50%) if the reporting person remains continuously employed by the Company until the later of (A) May 12, 2022, and (B) the attainment of the applicable performance measure and (y) fifty percent (50%) if the reporting person remains continuously employed by the Company until May 12, 2024. /s/ Amerino Gatti 2021-05-14