Form 4: TPI Composites Director Steven Lockard Reports Stock Transactions

Director Steven Lockard reports acquisition and disposal of TPI Composites stock units, including vesting of restricted stock units and deferral of new units.

Summary

• Steven C Lockard, a director of TPI Composites, Inc., reported transactions involving the company's stock.
• On May 24, 2024, 10,044 common stock units were acquired at $0.00, resulting in a total of 441,873 shares held indirectly through the Lockard Family Trust.
• Also on May 24, 2024, 10,044 Restricted Stock Units vested.
• On May 22, 2024, 30,134 Restricted Stock Units were acquired.
• These RSUs are deferred under the company's Non-Employee Directors' Deferred Compensation Program until the director ceases to be a director, dies, becomes disabled, or a change of control occurs.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating neutral sentiment as it reports transactions without expressing any positive or negative outlook.

Future Outlook

The reporting person has elected to defer the vesting of the RSUs until the earliest of (i) the Reporting Person ceasing to be a director of the Company, (ii) the Reporting Person's death or disability, or (iii) a change of control of the Company.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency to investors regarding the actions of company leadership.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding director's holdings and actions.

Key Dates