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 transactions involving common stock.

Summary

• On March 21, 2025, Ryan D. Miller, the Chief Financial Officer of TPI Composites, Inc., reported transactions involving the company's common stock.
• Miller acquired 4,927 shares of common stock upon the vesting of restricted stock units (RSUs).
• Simultaneously, Miller disposed of 4,927 shares to cover tax withholding obligations at a price of $0.84 per share, totaling 1,299 shares.
• Following these transactions, Miller directly owns 39,624 shares of TPI Composites common stock and 9,853 restricted stock units.
• The RSUs vest over three years, with 25% vesting on the first and second anniversaries of the grant date, and 50% vesting on the third anniversary, contingent upon continued service to the Issuer.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and doesn't inherently indicate positive or negative sentiment. It reflects standard corporate practices.

Industry Context

Form 4 filings are a routine part of corporate governance, providing 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.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve a relatively small number of shares.
• The vesting of RSUs incentivizes the CFO to continue providing service to the Issuer.

Key Dates

Keywords

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