Castle Thomas J 4
4 · TPI COMPOSITES, INC · Filed Mar 17, 2021
Insider Transaction Report
Form 4
Castle Thomas J
See Remarks
Transactions
- Sale
Common Stock
2021-03-15$52.30/sh−1,030$53,869→ 6,831 total - Exercise/Conversion
Common Stock
2021-03-15+3,308→ 7,861 total - Exercise/Conversion
Restricted Stock Units
2021-03-15−3,308→ 0 total→ Common Stock (3,308 underlying)
Footnotes (4)
- [F1]Represents the shares sold in a non-discretionary transaction to cover tax withholding obligations in connection with the vesting of 3,308 restricted stock units ("RSUs").
- [F2]This transaction was executed in multiple trades at prices ranging from $51.91 to $52.87. The price reported above reflects the weighted-average price. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the Issuer or a security holder of the Issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]100% of the RSUs vested in full on the third anniversary of the grant date; provided that the Reporting Person continues to provide service to the Issuer through the vesting date. The RSUs do not have an expiration date.
- [F4]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.