Bavan Holloway - May 24, 2022 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Director
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
May 24, 2022
Transactions value $
$0
Form type
4
Date filed
5/26/2023, 05:06 PM
Previous filing
Dec 6, 2021
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +9.51K +231.12% $0.00 13.6K May 24, 2023 By The Bavan M Holloway Living Trust

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 -9.51K -100% $0.00* 0 May 24, 2023 Common Stock 9.51K Direct F1, F2
transaction TPIC Restricted Stock Units Award $0 +10K $0.00 10K May 24, 2023 Common Stock 10K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The restricted stock units ("RSUs") vested on May 24, 2023, the date of the Issuer's annual meeting of stockholders, pursuant to the Issuer's Non-Employee Director Compensation Policy.
F2 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.
F3 The RSUs shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of stockholders of the Issuer, subject to the Reporting Person's continued service as a director pursuant to the Issuer's Non-Employee Director Compensation Policy.