Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|
transaction | VGR | Common Stock | Award | $0 | +208K | +10.39% | $0.00 | 2.21M | Jul 1, 2022 | Direct | F1 |
transaction | VGR | Common Stock | Tax liability | -$1.03M | -98.3K | -4.44% | $10.44 | 2.11M | Jul 1, 2022 | Direct | F2 |
holding | VGR | Common Stock | 2.63M | Jul 1, 2022 | By: Lorber Alpha II Limited Partnership | F3 |
Id | Content |
---|---|
F1 | The Reporting Person received a restricted stock grant on November 10, 2015 (the "Award"). The grant vested equally in seven equal installments of 208,372 shares on November 15, 2016, July 1, 2017, July 1, 2018, July 1, 2019, July 1, 2020, July 1, 2021 and July 1, 2022, based upon the Issuer achieving certain performance targets and the Reporting Person being continuously employed by Vector Group Ltd. This amount includes the seventh and final vesting of the Award. |
F2 | Represents withholdings of shares as payment of the reporting person's payroll tax liabilities incident to the vesting of shares of restricted stock associated with the Award. The shares withheld were valued at $10.44 per share, which represented the average of the low ($10.31) and high ($10.57) stock prices of the Issuer's Common Stock on July 1, 2022, the date of vesting. |
F3 | 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. |
Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated November 12, 2014.)