Lowry Jennifer Elaine 4
4 · TPI COMPOSITES, INC · Filed Nov 14, 2024
Insider Transaction Report
Form 4
Lowry Jennifer Elaine
Director
Transactions
- Award
Stock Option (Right to Buy)
2024-11-13$2.12/sh+37,268$79,008→ 37,268 totalExercise: $2.12Exp: 2034-11-13→ Common Stock (37,268 underlying) - Award
Restricted Stock Unit
2024-11-13+31,840→ 31,840 total→ Common Stock (31,840 underlying)
Footnotes (3)
- [F1]Vesting is over a four year period with 25% of the shares subject to the Option vesting on each anniversary of the Grant Date, subject to the Awardee's continued service as a director of the Board through each applicable vesting date. This award was granted on the date of the Reporting Person's appointment to the Issuer's Board of Directors pursuant to the Issuer's Non-Employee Director Compensation Policy.
- [F2]Pursuant to the Company's Non-Employee Directors' Deferred Compensation Program, the Reporting Person has elected to defer the vesting of the RSUs until the earliest of (i) the Reporting Person ceasing to be a director of the Company, (ii) the Reporting Person's death or disability, or (iii) a change of control of the Company.
- [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.