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

Role
Chief Financial Officer
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
May 23, 2022
Transactions value $
$638,960
Form type
4
Date filed
5/25/2022, 05:10 PM
Next filing
Mar 23, 2023

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 +26.7K $0.00 26.7K May 23, 2022 Common Stock 26.7K Direct F1, F2
transaction TPIC Stock Options (Right to buy) Award $639K +45.5K $14.04 45.5K May 23, 2022 Common Stock 45.5K $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.