Howard Lorber - May 27, 2022 Form 4 Insider Report for VECTOR GROUP LTD (VGR)

Role
President and CEO, Director
Signature
/s/ J. Bryant Kirkland III, Attorney-In-Fact
Stock symbol
VGR
Transactions as of
May 27, 2022
Transactions value $
-$330,980
Form type
4
Date filed
5/31/2022, 09:00 PM
Previous filing
Mar 30, 2022
Next filing
Jul 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGR Common Stock Tax liability -$331K -26.8K -1.32% $12.35 2M May 27, 2022 Direct F1
holding VGR Common Stock 2.63M May 27, 2022 By: Lorber Alpha II Limited Partnership F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents withholdings of shares as payment of the reporting person's payroll tax liabilities incident to the vesting of 62,500 shares of restricted stock, which were awarded to reporting person on May 27, 2020. The shares withheld were valued at $12.35 per share, which represented the average of the low ($12.23) and high ($12.47) stock prices of the Issuer's Common Stock on May 27, 2022, the date of vesting.
F2 Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The reporting person serves as the Managing Member of the Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated November 12, 2014.)