Steven C. Lockard - 22 May 2024 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
Director
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
22 May 2024
Net transactions value
$0
Form type
4
Filing time
24 May 2024, 16:09:51 UTC
Previous filing
26 May 2023
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 +10,044 +2.3% $0.000000 441,873 24 May 2024 By Lockard Family 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 -10,044 -100% $0.000000* 0 24 May 2024 Common Stock 10,044 Direct F1, F2
transaction TPIC Restricted Stock Units Award $0 +30,134 $0.000000 30,134 22 May 2024 Common Stock 30,134 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 vested in full on the one-year anniversary of the grant date, pursuant to the Issuer's Non-Employee Director Compensation Policy.
F2 Each restricted stock unit ("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 Pursuant to the Company's Non-Employee Directors' Deferred Compensation Program, the Reporting Person has elected to defer the vesting of the RSUs until the earliest of (i) the Reporting Person ceasing to be a director of the Company, (ii) the Reporting Person's death or disability, or (iii) a change of control of the Company.