McFeely Mark R. 4
4 · TPI COMPOSITES, INC · Filed Mar 16, 2018
Insider Transaction Report
Form 4
Transactions
- Award
Restricted Stock Units
2018-03-14+26,816→ 26,816 total→ Common Stock (26,816 underlying) - Award
Restricted Stock Units
2018-03-14+11,116→ 11,116 total→ Common Stock (11,116 underlying)
Footnotes (3)
- [F1]Each restricted stock unit (each, an "RSU") represents a contingent right to receive one share of common stock. All unvested restricted stock units will automatically expire upon the Reporting Person's termination of service from Issuer.
- [F2]The RSUs will vest in three tranches: 1/3 will vest upon the Issuer's common stock achieving a market price of $28, 1/3 will vest upon the Issuer's common stock achieving a market price of $33 and 1/3 will vest upon the Issuer's common stock achieving a market price of $38, in each case during the performance period starting on January 1, 2018 and ending on December 31, 2020; provided, that the Reporting Person continues to provide services to the Issuer through the vesting period.
- [F3]100% of the RSUs will vest on March 14, 2021; provided, that the Reporting Person continues to provide services to the Issuer through the vesting date.