Lockard Steven C 4
4 · TPI COMPOSITES, INC · Filed Mar 14, 2023
Insider Transaction Report
Form 4
Lockard Steven C
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2023-03-11+51,829→ 422,316 total(indirect: By Trust) - Exercise/Conversion
Restricted Stock Units
2023-03-11−51,829→ 0 total→ Common Stock (51,829 underlying)
Footnotes (2)
- [F1]100% of the restricted stock units ("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.
- [F2]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.