Form 4: TPI Composites CFO Ryan D. Miller Reports Stock Transactions

Ryan D. Miller, CFO of TPI Composites, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.

Summary

• On March 18, 2025, Ryan D. Miller, the Chief Financial Officer of TPI Composites, Inc. [TPIC], reported transactions involving the company's common stock.
• Miller acquired 5,102 shares of common stock through the vesting of restricted stock units (RSUs).
• Simultaneously, Miller disposed of 1,345 shares of common stock at a price of $1.04 to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Miller directly owns 35,996 shares of TPI Composites common stock and 15,306 restricted stock units.
• The RSUs vest over three years: 25% on the first anniversary of the grant date, 25% on the second, and 50% on the third, contingent upon continued service to the Issuer.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The remaining RSUs will vest on the second and third anniversaries of the grant date, contingent upon continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates the CFO's stock transactions related to vested RSUs, which is a common form of executive compensation.

Key Dates

Keywords

TPI Composites, TPIC, Ryan D. Miller, CFO, Form 4, Stock Transaction, Restricted Stock Units, RSU, Beneficial Ownership, Vesting, Tax Withholding