Marram Lance Morell 4
4 · TPI COMPOSITES, INC · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Marram Lance Morell
Chief Commercial Officer, Wind
Transactions
- Tax Payment
Common Stock
2022-12-31$10.14/sh−1,046$10,606→ 1,978 total - Exercise/Conversion
Common Stock
2022-12-31+3,024→ 3,024 total - Exercise/Conversion
Restricted Stock Units
2022-12-31−3,024→ 0 total→ Common Stock (3,024 underlying)
Footnotes (3)
- [F1]Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 3,024 performance based restricted stock units ("Performance Based RSUs").
- [F2]The Performance Based RSUs vested in full on December 31, 2022. 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: $30, $38 and $43; and (ii) the reporting person provided continuous service to the Issuer, during the applicable performance period of the underlying award (March 11, 2020 to December 31, 2022).
- [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.