Gregory H.A. Baxter - 08 May 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Gregory H.A. Baxter
Issuer symbol
TPB
Transactions as of
08 May 2024
Net transactions value
+$37,404
Form type
4
Filing time
10 May 2024, 18:19:41 UTC
Previous filing
10 May 2023
Next filing
07 Aug 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 $80,009 +2,415 +6.1% $33.13 42,147 08 May 2024 Direct F3
transaction TPB Common Stock Tax liability $42,605 -1,286 -3.1% $33.13 40,861 08 May 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
holding TPB Options (2014) 14,344 08 May 2024 Common Stock 14,344 $3.83 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant pursuant to the Issuer's 2006 Equity Incentive Plan.
F2 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.
F3 The reported transaction involved the reporting person's receipt of a grant of 2,415 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly awarded 2,415 restricted stock units and 39,732 shares of common stock.
F4 The reported transaction involves shares withheld for the payment of taxes related to restricted stock units that have vested on 5/8/2024.