TEAM Inc: EVP and chief legal officer James C. Webster exercised 1,850 shares

What happened

• James C. Webster, EVP and chief legal officer, had 1,850 restricted stock units convert into 1,850 shares on Oct 1, 2026. The filing shows 451 shares were withheld to satisfy tax obligations at $28.42 per share for a total of $12,817. The filing also lists a derivative disposition of 1,850 shares (value not reported).

Key details

• Transaction date(s) and price(s): Oct 1, 2026; tax withholding price $28.42 per share; other entries show price N/A.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes: F1 represents vesting of restricted stock units and conversion to common stock; F2 represents stock units withheld to satisfy tax obligations; F3 each restricted stock unit represents a contingent right to one share; F4 stock units vested one-third on Oct 1, 2026, with remaining vesting on Oct 1, 2027 and Oct 1, 2028, and convert to shares per the vesting schedule.
• Filing date: Oct 5, 2026; the filing does not state whether it was filed late.

Why it may matter

• The filing shows restricted stock units vested and converted into shares and that 451 shares were withheld to cover tax obligations (stock withholding rather than an open-market sale of the withheld shares).
• The filing records an exercise/conversion of derivative securities (M) and a tax withholding (F).
• The filing does not show why the insider traded or why the company acted.