Form 4: TPI Composites Director Philip J. Deutch Reports Stock Transaction
SEC Form 4
Director Philip J. Deutch reports the vesting and subsequent disposal of 10,044 common stock shares of TPI Composites, Inc. related to restricted stock units.
Summary
- On May 24, 2024, Philip J. Deutch, a director of TPI Composites, Inc. (TPIC), reported a transaction involving the vesting of 10,044 restricted stock units (RSUs) which converted into common stock.
- These RSUs vested on the one-year anniversary of the grant date, according to the Issuer's Non-Employee Director Compensation Policy.
- Following the vesting, the 10,044 shares were disposed of.
- After the reported transaction, Deutch beneficially owns 40,361 shares of TPI Composites common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on a standard transaction related to director compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Date of Earliest Transaction |
| 05/24/2024 | Transaction Date: Vesting of Restricted Stock Units and disposal of shares |
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