Lawrence Wexler - 10 Feb 2023 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Director
Signature
/s/ Lawrence Wexler
Issuer symbol
TPB
Transactions as of
10 Feb 2023
Net transactions value
+$411,710
Form type
4
Filing time
14 Feb 2023, 20:17:40 UTC
Previous filing
17 Feb 2023
Next filing
10 May 2023
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 $567,750 +25,000 +6.6% $22.71 402,378 10 Feb 2023 Direct F9
transaction TPB Common Stock Tax liability $181,158 -7,977 -2% $22.71 394,401 10 Feb 2023 Direct F10
transaction TPB Common Stock Award $25,117 +1,106 +0.28% $22.71 395,507 10 Feb 2023 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 (2021) 15,900 10 Feb 2023 Common Stock 15,900 $51.75 Direct F5, F8
holding TPB Options 2020 20,000 10 Feb 2023 Common Stock 20,000 $14.85 Direct F5, F7
holding TPB Options (2019) 35,500 10 Feb 2023 Common Stock 35,500 $47.58 Direct F5, F6
holding TPB Options (2018) 26,500 10 Feb 2023 Common Stock 26,500 $21.21 Direct F3, F5
holding TPB Options (2017) 16,819 10 Feb 2023 Common Stock 16,819 $15.41 Direct F2, F5
holding TPB Options (2014) 4,695 10 Feb 2023 Common Stock 4,695 $3.83 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
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 Granted pursuant to the issuer's 2006 Equity Incentive Plan.
F5 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F6 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.
F7 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.
F8 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.
F9 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in March 2018. The compensation committee of the Board of Directors determined that the performance criteria were met on February 10, 2022. The total reported in Column 5 includes 3,475 restricted stock units and 398,903 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 February 10, 2023. The total reported in Column 5 includes 3,475 restricted stock units and 390,926 shares of common stock.
F11 The reported transaction involves shares received as dividends related to performance restricted stock units that the performance criteria were met on February 10, 2023. The total reported in Column 5 includes 3,475 restricted stock units and 392,032 shares of common stock.