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

Role
Director
Signature
/s/ Lawrence Wexler
Stock symbol
TPB
Transactions as of
Feb 1, 2024
Transactions value $
$267,552
Form type
4
Date filed
2/5/2024, 05:22 PM
Previous filing
May 10, 2023
Next filing
May 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $524K +21.1K +5.84% $24.84 382K Feb 1, 2024 Direct F9
transaction TPB Common Stock Tax liability -$279K -11.2K -2.94% $24.84 371K Feb 1, 2024 Direct F10
transaction TPB Common Stock Award $23.2K +934 +0.25% $24.84 371K 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 15.9K Feb 1, 2024 Common Stock 15.9K $51.75 Direct F5, F8
holding TPB Options 20K Feb 1, 2024 Common Stock 20K $14.85 Direct F5, F7
holding TPB Options 35.5K Feb 1, 2024 Common Stock 35.5K $47.58 Direct F5, F6
holding TPB Options 26.5K Feb 1, 2024 Common Stock 26.5K $21.21 Direct F3, F5
holding TPB Options 16.8K Feb 1, 2024 Common Stock 16.8K $15.41 Direct F2, F5
holding TPB Options 4.7K Feb 1, 2024 Common Stock 4.7K $3.83 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options vested and became exercisable as to 50% of the underlying shares on August 8, 2014, 25% of the underlying shares on August 8, 2015 and 25% of the underlying shares on August 8, 2016.
F2 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.
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 Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F5 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6 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.
F7 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.
F8 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.
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 6,691 restricted stock units and 375,112 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 6,691 restricted stock units and 363,869 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 6,691 restricted stock units and 364,803 shares of common stock