William E. Siwek - May 16, 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
May 16, 2022
Transactions value $
-$23,066
Form type
4
Date filed
5/17/2022, 05:06 PM
Previous filing
Mar 14, 2022
Next filing
Sep 20, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +4.54K +3.62% $0.00 130K May 16, 2022 Direct
transaction TPIC Common Stock Tax liability -$23.1K -1.91K -1.47% $12.07 128K May 16, 2022 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 -4.54K -100% $0.00* 0 May 16, 2022 Common Stock 4.54K 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 4,543 restricted stock units ("RSUs").
F2 The RSUs award vests 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.
F3 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.