III Edward C. Hall - 29 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: 29 May 2024
Net transactions value: +$80,492
Form type: 4
Filing time: 31 May 2024, 16:05:32 UTC
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TPIC	Common Stock						7,000	29 May 2024	Direct

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	Award	$0	+27,273		$0.000000	27,273	29 May 2024	Common Stock	27,273		Direct	F1, F2
transaction	TPIC	Stock Options (Right to buy)	Award	$80,492	+16,261		$4.95	16,261	29 May 2024	Common Stock	16,261	$4.95	Direct	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 ("RSUs ") shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of stockholders of the Issuer, subject to the Reporting Person's continued service as a director 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	Vesting is over a four year period with 25% of the shares subject to the Option vesting on each anniversary of the Grant Date, subject to the Awardee's continued service as a director of the Board through each applicable vesting date. This award was granted on the date of the Reporting Person's appointment to the Issuer's Board of Directors pursuant to the Issuer's Non-Employee Director Compensation Policy.