Lavine Jerrold I 4
4 · TPI COMPOSITES, INC · Filed Mar 22, 2024
Insider Transaction Report
Form 4
Lavine Jerrold I
President, Transportation
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-03-21−2,534→ 7,601 total→ Common Stock (2,534 underlying) - Exercise/Conversion
Common Stock
2024-03-21+2,534→ 52,352 total - Tax Payment
Common Stock
2024-03-21$2.88/sh−725$2,088→ 51,627 total
Footnotes (3)
- [F1]Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 2,534 restricted stock units("RSUs").
- [F2]25% of the RSUs vested in full on the first anniversary of the grant date, 25% will vest on the second anniversary of the grant date and 50% will vest 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.
- [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.