William E. Siwek - May 14, 2021 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
President and CEO
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
May 14, 2021
Transactions value $
-$94,603
Form type
4
Date filed
5/18/2021, 08:00 PM
Next filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +4.54K +4.41% $0.00 107K May 14, 2021 Direct
transaction TPIC Common Stock Sale -$94.6K -2.13K -1.98% $44.41* 105K May 18, 2021 Direct F1, F2

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 -4.54K -50.01% $0.00 4.54K May 14, 2021 Common Stock 4.54K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the shares sold in a non-discretionary transaction to cover tax withholding obligations in connection with the vesting of 4,544 restricted stock units ("RSUs").
F2 This transaction was executed in multiple trades at prices ranging from $44.36 to $44.51. The price reported above reflects the weighted-average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
F3 The RSUs award will vest in three equal installments on the first, second and third anniversary of the date of the grant provided, that the Reporting Person continues to provide services to the Issuer through the vesting date. The RSUs do not have an expiration date.
F4 Each 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.