Charles Stroo - Nov 27, 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Chief Operating Officer, Wind
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
Nov 27, 2024
Transactions value $
-$37,564
Form type
4
Date filed
12/2/2024, 03:59 PM
Previous filing
Dec 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +62.5K $0.00 62.5K Nov 27, 2024 Direct
transaction TPIC Common Stock Tax liability -$37.6K -18.8K -30.05% $2.00 43.7K Nov 27, 2024 Direct F1

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 Restricted Stock Units Options Exercise $0 -62.5K -25% $0.00 188K Nov 27, 2024 Common Stock 62.5K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 62,500 restricted stock units.
F2 The original grant of 250,000 restricted stock units ("RSUs") vests in four equal installments on the first, second, third and fourth anniversary of the date of the grant provided, that the Reporting Person continues to provide services to the Issuer through the vesting date.
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