Siwek William E 4
4 · TPI COMPOSITES, INC · Filed Mar 22, 2024
Insider Transaction Report
Form 4
Siwek William E
President and CEO
Transactions
- Tax Payment
Common Stock
2024-03-21$2.88/sh−5,157$14,852→ 208,347 total - Exercise/Conversion
Restricted Stock Units
2024-03-21−12,034→ 36,102 total→ Common Stock (12,034 underlying) - Exercise/Conversion
Common Stock
2024-03-21+12,034→ 213,504 total
Footnotes (3)
- [F1]Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 12,034 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.