Form 4: TPI Composites CEO William Siwek Reports Stock Transactions
SEC Form 4 Filing
William Siwek, President and CEO of TPI Composites, reports the vesting and subsequent sale of shares to cover tax obligations.
Summary
- On March 18, 2025, William Siwek, the President and CEO of TPI Composites, exercised restricted stock units (RSUs) and sold shares to cover tax withholding obligations.
- He acquired 17,385 shares of common stock through the vesting of RSUs.
- Simultaneously, he disposed of 4,842 shares to satisfy tax obligations at a price of $1.04 per share.
- Following these transactions, Siwek directly owns 260,103 shares of TPI Composites common stock and 52,153 restricted stock units.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of stock transactions by a company executive and does not inherently indicate positive or negative sentiment. It reflects standard compensation practices.
Industry Context
This is a routine filing related to executive compensation and does not necessarily indicate a change in the company's outlook.
Key Dates
| Date | Description |
|---|---|
| 03/18/2025 | Date of stock transaction (exercise of RSUs and sale of shares). |
| 03/20/2025 | Date of signature on the Form 4 filing. |
Keywords
TPI Composites, William Siwek, Form 4, Stock Transaction, Restricted Stock Units, RSU, Insider Trading, Beneficial Ownership
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