Director adds 5,000 Team Inc (TISI) shares in open-market buys
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TEAM INC director Edward J. Stenger reported open-market purchases of 5,000 shares of common stock across two days. He bought 1,417 shares at a weighted average price of $15.21 per share on March 23 and 3,583 shares at $16.31 per share on March 24. Following these transactions, he directly owns 14,890 TEAM INC shares. Footnotes state each day’s price is a weighted average for multiple trades within intraday ranges.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($79,991)
Net Buy
2 txns
Insider
Stenger Edward J.
Role
Director
Bought
5,000 shs ($80K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,583 | $16.31 | $58K |
| Purchase | Common Stock | 1,417 | $15.21 | $22K |
Holdings After Transaction:
Common Stock — 14,890 shares (Direct)
Footnotes (1)
- The price reported in Column 4 is a weighted average price . These shares of common stock ("Shares") of Team Inc. (the "Issuer") were purchased in multiple transactions ranging from $15.17 to $15.47, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of Shares purchased at each separate price in the range set forth in this footnote. The price reported in Column 4 is a weighted average price . These shares of common stock ("Shares") of Team Inc. (the "Issuer") were purchased in multiple transactions ranging from $15.54 to $16.73, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission upon request, full information regarding the number of Shares purchased at each separate price in the range set forth in this footnote.
FAQ
What insider transaction did TEAM INC (TISI) report for Edward J. Stenger?
TEAM INC reported that director Edward J. Stenger bought 5,000 shares of common stock in open-market transactions. The purchases occurred over two days and increased his directly held stake, signaling additional personal capital committed to the company’s shares.
Were Edward J. Stenger’s TEAM INC (TISI) trades open-market purchases?
Yes. The Form 4 classifies both transactions as open-market purchases of TEAM INC common stock. The reporting uses transaction code “P,” which indicates a purchase in the open market or a private transaction under SEC insider transaction coding standards.
Does the TEAM INC (TISI) Form 4 mention any derivative securities for Edward J. Stenger?
The disclosure shows only non-derivative common stock transactions for Edward J. Stenger. The derivative section is empty, indicating no options, warrants, or other derivative securities are reported in connection with these insider purchases on the referenced dates.