Lance Morell Marram - 11 Mar 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Chief Commercial Officer-Wind
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
11 Mar 2024
Net transactions value
-$2,082
Form type
4
Filing time
12 Mar 2024, 16:03:51 UTC
Previous filing
17 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +1,851 +2% $0.000000 93,782 11 Mar 2024 Direct
transaction TPIC Common Stock Tax liability $2,082 -661 -0.7% $3.15 93,121 11 Mar 2024 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 -1,851 -100% $0.000000* 0 11 Mar 2024 Common Stock 1,851 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 1,851 restricted stock units("RSUs").
F2 100% RSUs vested in full on the third anniversary of the grant date; 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.