Luis Reformina - Mar 1, 2024 Form 4/A Insider Report for Turning Point Brands, Inc. (TPB)

Role
Sr VP, CFO
Signature
/s/ Luis Reformina
Stock symbol
TPB
Transactions as of
Mar 1, 2024
Transactions value $
$174,899
Form type
4/A
Date filed
3/5/2024, 09:30 PM
Date Of Original Report
Mar 5, 2024
Previous filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $42.4K +1.6K +20.04% $26.52 9.58K Mar 1, 2024 Direct F7
transaction TPB Common Stock Tax liability -$15.7K -592 -6.18% $26.52 8.99K Mar 1, 2024 Direct F8
transaction TPB Common Stock Award $148K +5.59K +62.19% $26.52 14.6K Mar 1, 2024 Direct F9

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 4K Mar 1, 2024 Common Stock 4K $30.46 Direct F5, F6
holding TPB Options 12K Mar 1, 2024 Common Stock 12K $47.76 Direct F1, F4
holding TPB Options 4.5K Mar 1, 2024 Common Stock 4.5K $51.75 Direct F1, F4
holding TPB Options 4K Mar 1, 2024 Common Stock 4K $14.85 Direct F1, F3
holding TPB Options 25K Mar 1, 2024 Common Stock 25K $20.89 Direct F1, F2
* 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. 2021. 33% of the underlying shares on January 1, 2022, and 33% of the underlying shares on January 1, 2023.
F4 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.
F5 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F6 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.
F7 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 7,328 restricted stock units and 2,249 shares of common stock.
F8 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 7,328 restricted stock units and 1,657 shares of common stock.
F9 The reported transaction involved the reporting person's receipt of a grant of 5,588 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 12,916 awarded restricted stock units and 1,657 shares of common stock.