David Edward Glazek - 05 May 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Executive Chairman, Director
Signature
/s/ David Glazek
Issuer symbol
TPB
Transactions as of
05 May 2023
Net transactions value
+$890,000
Form type
4
Filing time
09 May 2023, 21:19:59 UTC
Previous filing
17 Mar 2022
Next filing
15 May 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $890,000 +40,000 +167% $22.25 63,973 05 May 2023 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents grant of restricted stock units ("RSUs") pursuant to the issuer's 2021 Equity Incentive Plan. 22,472 RSUs vest 25% on the last day of each calendar quarter of 2023 and 17,528 RSUs will vest 33% on the first, second and third anniversaries of March 31, 2023.
F2 RSUs convert into shares of Common Stock on a 1-for-1 basis.
F3 The total reported in Column 5 includes 40,000 RSUs and 23,973 shares of Common Stock