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

Role
President and CEO
Signature
/s/ Graham Purdy
Stock symbol
TPB
Transactions as of
Feb 10, 2023
Transactions value $
$178,546
Form type
4
Date filed
2/14/2023, 08:19 PM
Previous filing
Mar 16, 2022
Next filing
May 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $227K +10K +7.2% $22.71 149K Feb 10, 2023 Direct F11
transaction TPB Common Stock Tax liability -$58.6K -2.58K -1.73% $22.71 146K Feb 10, 2023 Direct F12
transaction TPB Common Stock Award $10K +442 +0.3% $22.71 147K Feb 10, 2023 Direct F13

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 (2022) 12K Feb 10, 2023 Common Stock 12K $30.46 Direct F2, F10
holding TPB Options (2021) 9K Feb 10, 2023 Common Stock 9K $51.75 Direct F4, F9
holding TPB Options (2020) 11K Feb 10, 2023 Common Stock 11K $14.85 Direct F4, F8
holding TPB Options (2019) 5.5K Feb 10, 2023 Common Stock 5.5K $47.58 Direct F4, F7
holding TPB Options (2018) 8.9K Feb 10, 2023 Common Stock 8.9K $21.21 Direct F4, F6
holding TPB Options (2017) 5K Feb 10, 2023 Common Stock 5K $15.41 Direct F4, F5
holding TPB Options (2014) 5.22K Feb 10, 2023 Common Stock 5.22K $3.83 Direct F1, F3
* 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 2006 Equity Plan
F2 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F3 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.
F4 Granted pursuant to the issuer's 2015 Equity Incentive Plan.
F5 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.
F6 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.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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 2,500 restricted stock units and 148,984 shares of common stock.
F12 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 146,404 restricted stock units and 1,592 shares of common stock.
F13 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 2,500 restricted stock units and 146,846 shares of common stock.