Ryan D. Miller - 23 May 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Chief Financial Officer
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
23 May 2022
Net transactions value
+$638,960
Form type
4
Filing time
25 May 2022, 17:10:40 UTC
Next filing
23 Mar 2023
SEC
View on sec.gov

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 Award $0 +26,709 $0.000000 26,709 23 May 2022 Common Stock 26,709 Direct F1, F2
transaction TPIC Stock Options (Right to buy) Award $638,960 +45,510 $14.04 45,510 23 May 2022 Common Stock 45,510 $14.04 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
F2 The RSU award will vest 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 25% of these securities vest on the first anniversary of the effective date of the grant and 6.25% vest on each quarterly anniversary thereafter, such that 100% of these securities vest on the fourth anniversary of this grant; provided, that the Reporting Person continues to be employed by the Issuer through each applicable vesting date.