William E. Siwek - 10 Mar 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Mar 2022, 19:06:23 UTC
Prior SEC filing
09 Mar 2022
Next SEC filing
17 May 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Filing notes and source

Key filing fact

William E. Siwek filed Form 4 for TPI COMPOSITES, INC (TPIC) on 14 Mar 2022.

Key facts

  • This page summarizes William E. Siwek's Form 4 filing for TPI COMPOSITES, INC (TPIC).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 14 Mar 2022, 19:06.

Change

  • Previous filing in this sequence was filed on 09 Mar 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

TPIC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+24,656
Change %
Price
$0.000000
Shares after
24,656
Date
10 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
24,656
Exercise price
Footnotes
F1, F2
TPIC transaction Derivative

Restricted Stock Units

Award

Transaction value
$0
Shares
+32,875
Change %
Price
$0.000000
Shares after
32,875
Date
10 Mar 2022
Ownership
Direct
Underlying class
Common Stock
Underlying amount
32,875
Exercise price
Footnotes
F1, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

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.

Footnote F2

The performance-based RSUs will be credited as follows: 1/3 will be credited upon the Issuer's common stock achieving a market price of $21, 1/3 will be credited upon the Issuer's common stock achieving a market price of $27 and 1/3 will be credited upon the Issuer's common stock achieving a market price of $32.50, in each case during the performance period from March 10, 2022 through December 31, 2024, and the total credited amount of RSUs will vest on the last day of the performance period so long as the Reporting Person continues to provide service to the Issuer through the performance period.

Footnote F3

100% of the RSUs will vest on March 10, 2025; provided, that the Reporting Person continues to provide services to the Issuer through the vesting date.

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