David Edward Glazek - 01 Mar 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role: Executive Chairman, Director
Signature: /s/ David Glazek
Issuer symbol: TPB
Transactions as of: 01 Mar 2024
Net transactions value: +$472,878
Form type: 4
Filing time: 05 Mar 2024, 21:23:49 UTC
Previous filing: 16 Nov 2023
Next filing: 13 Mar 2024
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	$139,469	+5,259	+7.6%	$26.52	74,232	01 Mar 2024	Direct	F2
transaction	TPB	Common Stock	Tax liability	$56,594	-2,134	-2.9%	$26.52	72,098	01 Mar 2024	Direct	F3
transaction	TPB	Common Stock	Award	$390,003	+14,706	+20%	$26.52	86,804	01 Mar 2024	Direct	F4

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
transaction	TPB	Options	Award	$0	+77,519		$0.000000	77,519	12 May 2023	Common Stock	77,519	$20.71	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan. The options vest and become exercisable as to 25% of the underlying shares on the last day of each calendar quarter of the 2023 calendar year.
F2	Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in May 2023. The compensation committee of the Board of Directors determined that the performance criteria were met on March 1, 2024. The total reported in Column 5 includes 17,528 restricted stock units and 56,704 shares of common stock.
F3	The reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on March 1, 2024. The total reported in Column 5 includes 17,528 restricted stock units and 54,570 shares of common stock.
F4	The reported transaction involved the reporting person's receipt of a grant of 14,706 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 32,234 restricted stock units and 54,570 shares of common stock.