Howard Lorber - Jul 1, 2022 Form 4 Insider Report for VECTOR GROUP LTD (VGR)

Signature
/s/ J. Bryant Kirkland III, Attorney-In-Fact
Stock symbol
VGR
Transactions as of
Jul 1, 2022
Transactions value $
-$1,025,834
Form type
4
Date filed
7/6/2022, 05:15 PM
Previous filing
May 31, 2022
Next filing
Oct 11, 2022

Transactions Table

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
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

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.

Remarks:

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