Brian Wigginton - 01 Mar 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Sr VP Finance & CAO
Signature
/s/ Brian Wigginton
Issuer symbol
TPB
Transactions as of
01 Mar 2024
Net transactions value
+$104,993
Form type
4
Filing time
05 Mar 2024, 21:27:43 UTC
Previous filing
05 Feb 2024
Next filing
03 Apr 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 $8,486 +320 +4.3% $26.52 7,722 01 Mar 2024 Direct F9
transaction TPB Common Stock Tax liability $3,023 -114 -1.5% $26.52 7,608 01 Mar 2024 Direct F10
transaction TPB Common Stock Award $99,530 +3,753 +49% $26.52 11,361 01 Mar 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 2,500 01 Mar 2024 Common Stock 2,500 $30.46 Direct F7, F8
holding TPB Options 2,500 01 Mar 2024 Common Stock 2,500 $45.05 Direct F6, F7
holding TPB Options 1,750 01 Mar 2024 Common Stock 1,750 $51.75 Direct F1, F6
holding TPB Options 2,500 01 Mar 2024 Common Stock 2,500 $14.85 Direct F1, F5
holding TPB Options 400 01 Mar 2024 Common Stock 400 $47.58 Direct F1, F2
holding TPB Options 400 01 Mar 2024 Common Stock 400 $21.21 Direct F1, F3
holding TPB Options 750 01 Mar 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.