William E. Siwek - 07 Mar 2022 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: 07 Mar 2022
Net transactions value: -$49,953
Form type: 4
Filing time: 09 Mar 2022, 15:29:52 UTC
Previous filing: 04 Jan 2022
Next filing: 14 Mar 2022
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	+9,330	+7.8%	$0.000000	129,327	07 Mar 2022	Direct
transaction	TPIC	Common Stock	Tax liability	$49,953	-3,924	-3%	$12.73	125,403	07 Mar 2022	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	-9,330	-100%	$0.000000^*	0	07 Mar 2022	Common Stock	9,330		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 9,330 restricted stock units ("RSUs").
F2	100% of the RSUs vested in full 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.