Form 4: TPI Composites Director, Tyrone Michael Jordan, Exercises Stock Options and Acquires Restricted Stock Units
SEC Form 4
Director Tyrone Michael Jordan exercised stock options and acquired restricted stock units in TPI Composites, Inc.
Summary
- On May 24, 2024, Tyrone Michael Jordan, a director of TPI Composites, Inc., exercised 10,044 restricted stock units (RSUs) which converted into common stock.
- Following the transaction, Jordan directly owns 33,884 shares of common stock.
- Additionally, on May 22, 2024, Jordan acquired 30,134 restricted stock units that are deferred.
- These deferred RSUs will vest upon the earliest of Jordan ceasing to be a director, death or disability, or a change of control of the company.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a standard disclosure of stock transactions by a company director.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend in the composites industry.
Stakeholder Impact
- The transaction could have a minor impact on shareholders due to the increase in outstanding shares, but it's unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 05/22/2024 | Reporting Person acquired 30,134 Restricted Stock Units |
| 05/24/2024 | Reporting Person exercised 10,044 Restricted Stock Units |
| 05/24/2024 | Date of report |
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