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

Role
President and CEO
Signature
/s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol
TPIC
Transactions as of
21 Mar 2025
Net transactions value
-$2,816
Form type
4
Filing time
25 Mar 2025, 16:09:31 UTC
Previous filing
21 Mar 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 Options Exercise $0 +12,034 +4.6% $0.000000 272,137 21 Mar 2025 Direct
transaction TPIC Common Stock Tax liability $2,816 -3,352 -1.2% $0.8400 268,785 21 Mar 2025 Direct F1

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 Options Exercise $0 -12,034 -33% $0.000000 24,068 21 Mar 2025 Common Stock 12,034 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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% vested in full 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 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.