0001562180-24-000505.txt : 20240117 0001562180-24-000505.hdr.sgml : 20240117 20240117191157 ACCESSION NUMBER: 0001562180-24-000505 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20240112 FILED AS OF DATE: 20240117 DATE AS OF CHANGE: 20240117 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Fishbach Steven G CENTRAL INDEX KEY: 0001678418 ORGANIZATION NAME: FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-37839 FILM NUMBER: 24539751 MAIL ADDRESS: STREET 1: C/O TPI COMPOSITES, INC. STREET 2: 8501 N. SCOTTSDALE ROAD, SUITE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85253 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TPI COMPOSITES, INC CENTRAL INDEX KEY: 0001455684 STANDARD INDUSTRIAL CLASSIFICATION: ENGINES & TURBINES [3510] ORGANIZATION NAME: 06 Technology IRS NUMBER: 201590775 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 8501 N SCOTTSDALE ROAD STREET 2: GAINEY CENTER II, SUITE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85253 BUSINESS PHONE: 480-305-8910 MAIL ADDRESS: STREET 1: 8501 N SCOTTSDALE ROAD STREET 2: GAINEY CENTER II, SUITE 100 CITY: SCOTTSDALE STATE: AZ ZIP: 85253 FORMER COMPANY: FORMER CONFORMED NAME: TPI COMPOSITES INC DATE OF NAME CHANGE: 20090206 4 1 primarydocument.xml PRIMARY DOCUMENT X0508 4 2024-01-12 false 0001455684 TPI COMPOSITES, INC TPIC 0001678418 Fishbach Steven G 9200 E PIMA CENTER PKWY SUITE 250 SCOTTSDALE AZ 85258 false true false false General Counsel and Secretary false Common Stock 2024-01-12 4 M false 110966.00 0.00 A 157153.00 D Common Stock 2024-01-12 4 F false 48063.00 3.18 D 109090.00 D Restricted Stock Units 2024-01-12 4 M false 110966.00 0.00 D Common Stock 110966.00 0.00 D Represents the shares required to satisfy tax withholding obligations in connection with the vesting of 110,966 restricted stock units("RSUs"). 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. 50% of the shares underlying the restricted stock unit award vested on the first anniversary date of the original grant date of the award, and the remaining 50% of the shares vested on the secondary anniversary of the original grant date. The number of shares reported reflect additional shares issued to the reporting person based on the difference of the closing price of Issuer's common stock on the original grant date and the second anniversary date of the original grant date. Pursuant to the original terms and conditions of the restricted stock unit award, if the aggregate market value of the total number of shares issued as of the second anniversary of the original grant date, together with the aggregate market value of any shares underlying this award that have previously been sold before such date, is less than the aggregate market value of the total number of shares issuable under this award as of the original grant date (in each case, as measured by reference to the closing market prices of the Issuer's common stock on said dates), then the reporting person will receive additional fully vested shares on such second anniversary date with an aggregate market value (measured by reference to the closing market price of the Issuer's common stock on such date) equal to the difference between the two amounts. /s/ Steven G. Fishbach 2024-01-17