Steven G. Fishbach - 21 Mar 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
General Counsel and Secretary
Signature
/s/ Steven G. Fishbach
Issuer symbol
TPIC
Transactions as of
21 Mar 2024
Net transactions value
-$2,684
Form type
4
Filing time
22 Mar 2024, 16:43:20 UTC
Previous filing
20 Mar 2024
Next filing
25 Feb 2025
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 +2,252 +2% $0.000000 113,079 21 Mar 2024 Direct
transaction TPIC Common Stock Tax liability $2,684 -932 -0.82% $2.88 112,147 21 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 -2,252 -25% $0.000000 6,757 21 Mar 2024 Common Stock 2,252 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 2,252 restricted stock units("RSUs").
F2 25% of the RSUs vested in full on the first anniversary of the grant date, 25% will vest on the second anniversary of the grant date and 50% will vest 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.