William E. Siwek - Sep 15, 2022 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
Sep 15, 2022
Transactions value $
$3,600,000
Form type
4
Date filed
9/20/2022, 05:04 PM
Previous filing
May 17, 2022
Next filing
Jan 4, 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 Stock Options (Right to buy) Award $3.6M +200K $18.00 200K Sep 15, 2022 Common Stock 200K $18.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option represents a right to purchase a total of 200,000 shares of common stock of the Issuer. 1/3 of the total shares shall vest on March 10, 2024, March 10, 2025 and March 10, 2026, respectively, provided, that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.