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