Castle Thomas J 4
4 · TPI COMPOSITES, INC · Filed Jan 5, 2021
Insider Transaction Report
Form 4
Castle Thomas J
See Remarks
Transactions
- Exercise/Conversion
Common Stock
2020-12-31+7,981→ 7,981 total - Exercise/Conversion
Restricted Stock Units
2020-12-31−7,981→ 0 total→ Common Stock (7,981 underlying) - Tax Payment
Common Stock
2020-12-31$52.78/sh−3,428$180,930→ 4,553 total
Footnotes (3)
- [F1]Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 7,981 performance based restricted stock units ("Performance Based RSUs").
- [F2]The Performance Based RSUs vested in full on December 31, 2020. The reporting person was eligible to receive 100% of the Performance Based RSUs if (i) the Issuer's 30 day, volume weighted average stock price exceeded the following stock price hurdles: $28, $33 and $38; and (ii) the reporting person provided continuous service to the Issuer, during the applicable performance period of the underlying award (March 14, 2018 to December 31, 2020).
- [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.