William E. Siwek - Feb 21, 2025 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role
President and CEO
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Stock symbol
TPIC
Transactions as of
Feb 21, 2025
Transactions value $
-$3,965
Form type
4
Date filed
2/25/2025, 04:04 PM
Previous filing
Nov 14, 2024
Next filing
Mar 12, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPIC Common Stock Award $0 +8.22K +3.76% $0.00 227K Feb 21, 2025 Direct F1
transaction TPIC Common Stock Tax liability -$3.96K -2.73K -1.2% $1.46 224K Feb 21, 2025 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In 2022, the Reportable Person was awarded performance-based restricted stock units (PSUs), with the actual number earned contingent upon the achievement of certain annual adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) financial targets. The PSUs vested 33% at the end of the 3-year performance period.
F2 Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 8,219 performance-based restricted stock units (PSUs).