LINDA P. HUDSON - 24 May 2023 Form 4 Insider Report for TPI COMPOSITES, INC (TPIC)

Role: Director
Signature: /s/ Steven G. Fishbach, Attorney-in-Fact
Issuer symbol: TPIC
Transactions as of: 24 May 2023
Net transactions value: $0
Form type: 4
Filing time: 26 May 2023, 17:09:08 UTC
Previous filing: 27 Apr 2023
Next filing: 05 Jun 2023
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	+9,513	+175%	$0.000000	14,941	24 May 2023	Direct

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	-9,513	-100%	$0.000000^*	0	24 May 2023	Common Stock	9,513		Direct	F1, F2
transaction	TPIC	Restricted Stock Units	Award	$0	+10,044		$0.000000	10,044	24 May 2023	Common Stock	10,044		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The restricted stock units ("RSUs") vested on May 24, 2023, the date of the Issuer's annual meeting of stockholders, pursuant to the Issuer's Non-Employee Director Compensation Policy.
F2	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.
F3	The RSUs shall vest on the earlier of (i) the one-year anniversary of the grant date or (ii) the next annual meeting of stockholders of the Issuer, subject to the Reporting Person's continued service as a director pursuant to the Issuer's Non-Employee Director Compensation Policy.