Howard M. Lorber - 27 May 2023 Form 4 Insider Report for VECTOR GROUP LTD

Role
President and CEO, Director
Signature
/s/ J. Bryant Kirkland III, Attorney-In-Fact
Issuer symbol
N/A
Transactions as of
27 May 2023
Net transactions value
-$311,929
Form type
4
Filing time
30 May 2023, 20:01:50 UTC
Previous filing
28 Mar 2023
Next filing
23 Aug 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGR Common Stock Tax liability $311,929 -26,312 -1.1% $11.86 2,440,178 27 May 2023 Direct F1
holding VGR Common Stock 2,629,035 27 May 2023 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 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 $11.855 per share, which represented the average of the low ($11.75) and high ($11.96) stock prices of the Issuer's Common Stock on May 26, 2023, the last trading day before the date of vesting, which was on a non-trading day (Saturday).
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 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.)