William E. Siwek - Mar 21, 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
President and CEO
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
Mar 21, 2024
Transactions value $
-$14,852
Form type
4
Date filed
3/22/2024, 04:44 PM
Previous filing
Mar 20, 2024
Next filing
Nov 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Options Exercise $0 +12K +5.97% $0.00 214K Mar 21, 2024 Direct
transaction TPIC Common Stock Tax liability -$14.9K -5.16K -2.42% $2.88 208K Mar 21, 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 -12K -25% $0.00 36.1K Mar 21, 2024 Common Stock 12K 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 12,034 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.