Brian Wigginton - Feb 1, 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Sr VP Finance & CAO
Signature
/s/ Brian Wigginton
Stock symbol
TPB
Transactions as of
Feb 1, 2024
Transactions value $
$17,934
Form type
4
Date filed
2/5/2024, 05:18 PM
Previous filing
May 9, 2023
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $26.8K +1.08K +16.12% $24.84 7.76K Feb 1, 2024 Direct F9
transaction TPB Common Stock Tax liability -$10K -403 -5.2% $24.84 7.35K Feb 1, 2024 Direct F10
transaction TPB Common Stock Award $1.19K +48 +0.65% $24.84 7.4K Feb 1, 2024 Direct F11

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TPB Options 2.5K Feb 1, 2024 Common Stock 2.5K $30.46 Direct F7, F8
holding TPB Options 2.5K Feb 1, 2024 Common Stock 2.5K $45.05 Direct F6, F7
holding TPB Options 1.75K Feb 1, 2024 Common Stock 1.75K $51.75 Direct F1, F6
holding TPB Options 2.5K Feb 1, 2024 Common Stock 2.5K $14.85 Direct F1, F5
holding TPB Options 400 Feb 1, 2024 Common Stock 400 $47.58 Direct F1, F2
holding TPB Options 400 Feb 1, 2024 Common Stock 400 $21.21 Direct F1, F3
holding TPB Options 750 Feb 1, 2024 Common Stock 750 $15.41 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Granted pursuant to the issuer's 2015 Equity Incentive Plan
F2 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2020, 33% of the underlying shares on January 1, 2021 and 33% of the underlying shares on January 1, 2022.
F3 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2019, 33% of the underlying shares on January 1, 2020 and 33% of the underlying shares on January 1, 2021.
F4 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2018, 33% of the underlying shares on January 1, 2019 and 33% of the underlying shares on January 1, 2020.
F5 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2021, 33% of the underlying shares on January 1, 2022 and 33% of the underlying shares on January 1, 2023.
F6 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2022, 33% of the underlying shares on January 1, 2023 and 33% of the underlying shares on January 1, 2024.
F7 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F8 The options vest and become exercisable as to 34% of the underlying shares on January 1, 2023, 33% of the underlying shares on January 1, 2024 and 33% of the underlying shares on January 1, 2025.
F9 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2019. The compensation committee of the Board of Directors determined that the performance criteria were met on February 1, 2024. The total reported in Column 5 includes 4,978 restricted stock units and 2,779 shares of common stock.
F10 The reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on February 1, 2024. The total reported in Column 5 includes 4,978 restricted stock units and 2,376 shares of common stock.
F11 The reported transaction involves shares received as dividends related to performance restricted stock units that the performance criteria were met on February 1, 2024. The total reported in Column 5 includes 4,978 restricted stock units and 2,424 shares of common stock