J. Bryant Kirkland III - Feb 24, 2024 Form 4 Insider Report for VECTOR GROUP LTD (VGR)

Role: Senior Vice President, Treasurer & CFO
Signature: /s/ J Bryant Kirkland III
Stock symbol: VGR
Transactions as of: Feb 24, 2024
Transactions value $: -$308,573
Form type: 4
Date filed: 2/26/2024, 08:00 PM
Previous filing: Feb 15, 2024
Next filing: Mar 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VGR	Common Stock	Award	$0	+12.5K	+2.41%	$0.00	531K	Feb 24, 2024	Direct	F1
transaction	VGR	Common Stock	Tax liability	-$309K	-27.5K	-5.19%	$11.20	504K	Feb 24, 2024	Direct	F2

* 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 performance-based restricted stock grant of 50,000 shares on February 15, 2023. The performance-based restricted stock grant vested, or will vest, in four installments on February 24 of each of the four calendar years subsequent to the grant date, based upon the Issuer achieving certain performance targets and the Reporting Person being continuously employed by Vector Group Ltd. The amount reported represents the first vesting of the award (12,500 shares).
F2	Represents withholdings of shares as payment of the reporting person's tax liabilities incident to the vesting of (a) the 12,500 shares of performance-based restricted stock referenced in footnote 1 and (b) 57,500 shares of restricted stock, which were awarded to reporting person on February 24, 2021 (20,000 shares), March 1, 2022 (25,000 shares) and February 15, 2023 (12,500 shares) and were previously reported at the time of the grant. The shares withheld were valued at $11.2025 per share, which represented the average of the low ($11.105) and high ($11.30) stock prices of the Issuer's Common Stock on February 23, 2024, the last trading day before the date of vesting.

Content

The Reporting Person received a performance-based restricted stock grant of 50,000 shares on February 15, 2023. The performance-based restricted stock grant vested, or will vest, in four installments on February 24 of each of the four calendar years subsequent to the grant date, based upon the Issuer achieving certain performance targets and the Reporting Person being continuously employed by Vector Group Ltd. The amount reported represents the first vesting of the award (12,500 shares).

Represents withholdings of shares as payment of the reporting person's tax liabilities incident to the vesting of (a) the 12,500 shares of performance-based restricted stock referenced in footnote 1 and (b) 57,500 shares of restricted stock, which were awarded to reporting person on February 24, 2021 (20,000 shares), March 1, 2022 (25,000 shares) and February 15, 2023 (12,500 shares) and were previously reported at the time of the grant. The shares withheld were valued at $11.2025 per share, which represented the average of the low ($11.105) and high ($11.30) stock prices of the Issuer's Common Stock on February 23, 2024, the last trading day before the date of vesting.

Remarks:

Senior Vice President, Treasurer & CFO