William E. Siwek - 19 Mar 2025 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
19 Mar 2025
Net transactions value
$0
Form type
4
Filing time
21 Mar 2025, 16:13:46 UTC
Previous filing
20 Mar 2025
Next filing
25 Mar 2025

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPIC Restricted Stock Units Award $0 +70,081 $0.000000 70,081 19 Mar 2025 Common Stock 70,081 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("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.
F2 The RSUs will vest in three tranches; 25% will vest 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.