Schumaker Bryan Robert 4
4 · TPI COMPOSITES, INC · Filed Mar 12, 2021
Insider Transaction Report
Form 4
Schumaker Bryan Robert
Chief Financial Officer
Transactions
- Award
Restricted Stock Units
2021-03-10+6,155→ 6,155 total→ Common Stock (6,155 underlying) - Award
Restricted Stock Units
2021-03-10+6,005→ 6,005 total→ Common Stock (6,005 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 performance-based RSUs will be credited as follows: 1/3 will be credited upon the Issuer's common stock achieving a market price of $66, 1/3 will be credited upon the Issuer's common stock achieving a market price of $72 and 1/3 will be credited upon the Issuer's common stock achieving a market price of $78, in each case during the performance period from March 10, 2021 through December 31, 2023, and the total credited amount of RSUs will vest on the last day of the performance period so long as the Reporting Person continues to provide service to the Issuer through the performance period.
- [F3]100% of the RSUs will vest on March 10, 2024; provided, that the Reporting Person continues to provide services to the Issuer through the vesting date.