Kishkill Joseph 4
4 · TPI COMPOSITES, INC · Filed Mar 8, 2019
Insider Transaction Report
Form 4
Kishkill Joseph
Chief Commercial Officer
Transactions
- Award
Restricted Stock Units
2019-03-06+4,101→ 4,101 total→ Common Stock (4,101 underlying) - Award
Restricted Stock Units
2019-03-06+10,533→ 10,533 total→ Common Stock (10,533 underlying)
Footnotes (3)
- [F1]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.
- [F2]The RSUs will vest in three tranches: 1/3 will vest upon the Issuer's common stock achieving a market price of $36, 1/3 will vest upon the Issuer's common stock achieving a market price of $42 and 1/3 will vest upon the Issuer's common stock achieving a market price of $48, in each case during the performance period starting on January 1, 2019 and ending on December 31, 2021; 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 6, 2022; provided, that the Reporting Person continues to provide services to the Issuer through the vesting date.