Company: TISI
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0000318833-25-000030
Chunk: 55

Company: TEAM INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 55
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 when the Company’s stock price reduced by approximately 90%. The alignment of “compensation actually paid” with the Company’s TSR over the period is due to the fact that a significant portion of the “compensation actually paid” to our PEO and other NEOs is comprised of equity awards. For example, in November 2023, our Chief Executive Officer Mr. Tucker and our other NEOs (Messrs. Haight and Bouchard) were granted awards comprised 30% of RSUs and 70% of PSUs that were intended to cover annual long-term equity awards for fiscal years 2023, 2024 and 2025 and which comprise a significant portion of total compensation paid to them. TSR continued to increase in 2024 compared to 2023 and 2022, and the Company continued to make financial improvements in 2024 as described in “ Annual Performance Based Incentives Paid in Cash”.

Compensation Actually Paid and Net Income

While the Company does not use net income as a performance measure in its overall executive compensation programs, the measure of net income is generally correlated with the measure of Adjusted EBITDA, which comprises a significant portion of the performance goals for the Company’s Annual Executive Bonus Plan and equity awards in the form of PSUs. The changes in our “compensation actually paid” to our PEOs and the “average compensation actually paid” to our other NEOs were generally aligned with changes in our net income between 2022, 2023 and 2024 after factoring in that the equity grant made in 2023 was for a three-year period.

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#### Equity Compensation Plan Information
The following table sets forth information as of December 31, 2024, with respect to our equity compensation plans previously approved by our shareholders and equity compensation plans not previously approved by our shareholders.

|                                                        |     | Equity Compensation Plans                                                                      |         |     |                                                                                |   |    |     |                                                                                                                                                |        |
| Plan Category                                          |     | Number of securities to be issued upon exercise of outstanding options, warrants and rights(1) |         |     | Weighted-average exercise price of outstanding options, warrants and rights(2) |   |    |     | Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))(3) |        |
|                                                        |     | -a                                                                                             |         |     | -b                                                                             |   |    |