William E. Siwek - Mar 11, 2023 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
Mar 11, 2023
Transactions value $
-$263,031
Form type
4
Date filed
3/14/2023, 06:26 PM
Previous filing
Jan 4, 2023
Next filing
Mar 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +47.6K +30.54% $0.00 203K Mar 11, 2023 Direct
transaction TPIC Common Stock Tax liability -$263K -20.4K -10.02% $12.90 183K Mar 13, 2023 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 -47.6K -100% $0.00* 0 Mar 11, 2023 Common Stock 47.6K 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 47,583 restricted stock units("RSUs").
F2 100% of the RSUs vested in full on March 11, 2023; provided that the Reporting Person continues to provide service 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.