Brian Wigginton - Mar 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: Mar 1, 2024
Transactions value $: $104,993
Form type: 4
Date filed: 3/5/2024, 09:27 PM
Previous filing: Feb 5, 2024
Next filing: Apr 3, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TPB	Common Stock	Award	$8.49K	+320	+4.32%	$26.52	7.72K	Mar 1, 2024	Direct	F9
transaction	TPB	Common Stock	Tax liability	-$3.02K	-114	-1.48%	$26.52	7.61K	Mar 1, 2024	Direct	F10
transaction	TPB	Common Stock	Award	$99.5K	+3.75K	+49.33%	$26.52	11.4K	Mar 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	Mar 1, 2024	Common Stock	2.5K	$30.46	Direct	F7, F8
holding	TPB	Options						2.5K	Mar 1, 2024	Common Stock	2.5K	$45.05	Direct	F6, F7
holding	TPB	Options						1.75K	Mar 1, 2024	Common Stock	1.75K	$51.75	Direct	F1, F6
holding	TPB	Options						2.5K	Mar 1, 2024	Common Stock	2.5K	$14.85	Direct	F1, F5
holding	TPB	Options						400	Mar 1, 2024	Common Stock	400	$47.58	Direct	F1, F2
holding	TPB	Options						400	Mar 1, 2024	Common Stock	400	$21.21	Direct	F1, F3
holding	TPB	Options						750	Mar 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 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 4,978 restricted stock units and 2,744 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 March 1, 2024. The total reported in Column 5 includes 4,978 restricted stock units and 2,630 shares of common stock.
F11	The reported transaction involved the reporting person's receipt of a grant of 3,753 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 8,731 awarded restricted stock units and 2,630 shares of common stock.