Jennifer Elaine Lowry - Nov 13, 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Director
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
Nov 13, 2024
Transactions value $
$79,008
Form type
4
Date filed
11/14/2024, 08:03 PM
Previous filing
Sep 5, 2024

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPIC Stock Option (Right to Buy) Award $79K +37.3K $2.12 37.3K Nov 13, 2024 Common Stock 37.3K $2.12 Direct F1
transaction TPIC Restricted Stock Unit Award $0 +31.8K $0.00 31.8K Nov 13, 2024 Common Stock 31.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Vesting is over a four year period with 25% of the shares subject to the Option vesting on each anniversary of the Grant Date, subject to the Awardee's continued service as a director of the Board through each applicable vesting date. This award was granted on the date of the Reporting Person's appointment to the Issuer's Board of Directors pursuant to the Issuer's Non-Employee Director Compensation Policy.
F2 Pursuant to the Company's Non-Employee Directors' Deferred Compensation Program, the Reporting Person has elected to defer the vesting of the RSUs until the earliest of (i) the Reporting Person ceasing to be a director of the Company, (ii) the Reporting Person's death or disability, or (iii) a change of control of the Company.
F3 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the common stock. All unvested RSUs will automatically expire upon Reporting Person's termination of service from Issuer.