Lawrence Wexler - 03 Mar 2025 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Larry Wexler
Issuer symbol
TPB
Transactions as of
03 Mar 2025
Net transactions value
+$668,933
Form type
4
Filing time
05 Mar 2025, 21:33:14 UTC
Previous filing
06 Jan 2025
Next filing
09 May 2025
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 $929,191 +13,210 +3.6% $70.34 379,238 03 Mar 2025 Direct F7
transaction TPB Common Stock Award $68,582 +975 +0.26% $70.34 380,213 03 Mar 2025 Direct F8
transaction TPB Common Stock Tax liability $328,840 -4,675 -1.2% $70.34 375,538 03 Mar 2025 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 15,900 03 Mar 2025 Common Stock 15,900 $51.75 Direct F3, F6
holding TPB Options 20,000 03 Mar 2025 Common Stock 20,000 $14.85 Direct F3, F5
holding TPB Options 35,500 03 Mar 2025 Common Stock 35,500 $47.58 Direct F3, F4
holding TPB Options 26,500 03 Mar 2025 Common Stock 26,500 $21.21 Direct F2, F3
holding TPB Options 16,819 03 Mar 2025 Common Stock 16,819 $15.41 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F4 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.
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 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2020. The compensation committee of the Board of Directors determined that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 4,709 restricted stock units and 379,238 shares of common stock.
F8 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2022. The compensation committee of the Board of Directors determined that the performance criteria were met on March 3, 2025. The total reported in Column 5 includes 4,709 restricted stock units and 380,213 shares of common stock.
F9 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 3, 2025. The total reported in Column 5 includes 4,709 restricted stock units and 375,538 shares of common stock.