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