Adan Gossar - 21 Mar 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Chief Accounting Officer
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
21 Mar 2024
Net transactions value
-$1,212
Form type
4
Filing time
22 Mar 2024, 16:43:33 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 +1,408 +2% $0.000000 73,344 21 Mar 2024 Direct
transaction TPIC Common Stock Tax liability $1,212 -421 -0.57% $2.88 72,923 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 -1,408 -25% $0.000000 4,223 21 Mar 2024 Common Stock 1,408 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 1,408 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.