William E. Siwek - 15 Sep 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
15 Sep 2022
Net transactions value
+$3,600,000
Form type
4
Filing time
20 Sep 2022, 17:04:01 UTC
Previous filing
17 May 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

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 Stock Options (Right to buy) Award $3,600,000 +200,000 $18.00* 200,000 15 Sep 2022 Common Stock 200,000 $18.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The option represents a right to purchase a total of 200,000 shares of common stock of the Issuer. 1/3 of the total shares shall vest on March 10, 2024, March 10, 2025 and March 10, 2026, respectively, provided, that the Reporting Person remains continuously employed by the Issuer through each applicable vesting date.