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

Role
Sr VP Finance & CAO
Signature
/s/ Brian Wigginton
Stock symbol
TPB
Transactions as of
Feb 10, 2023
Transactions value $
$38,652
Form type
4
Date filed
2/14/2023, 08:23 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 Comoon Stock Award $56.8K +2.5K +200% $22.71 3.75K Feb 10, 2023 Direct F9
transaction TPB Comoon Stock Tax liability -$20.6K -908 -24.21% $22.71 2.84K Feb 10, 2023 Direct F10
transaction TPB Comoon Stock Award $2.5K +110 +3.87% $22.71 2.95K Feb 10, 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 (2022) 2.5K Feb 10, 2023 Common Stock 2.5K $30.46 Direct F7, F8
holding TPB Options (2021) 2.5K Feb 10, 2023 Common Stock 2.5K $45.05 Direct F6, F7
holding TPB Options (2021) 1.75K Feb 10, 2023 Common Stock 1.75K $51.75 Direct F1, F6
holding TPB Options (2020) 2.5K Feb 10, 2023 Common Stock 2.5K $14.85 Direct F1, F5
holding TPB Options (2019) 400 Feb 10, 2023 Common Stock 400 $47.58 Direct F1, F2
holding TPB Options (2018) 400 Feb 10, 2023 Common Stock 400 $21.21 Direct F1, F3
holding TPB Options (2017) 750 Feb 10, 2023 Common Stock 750 $15.41 Direct F1, F4
* 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, 2019, 33% of the underlying shares on January 1, 2020 and 33% of the underlying shares on January 1, 2021.
F4 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.
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 Granted pursuant to the issuer's 2021 Equity Incentive Plan.
F8 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.
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 1,250 restricted stock units and 2,500 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 1,250 restricted stock units and 1,592 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 1,250 restricted stock units and 1,702 shares of common stock.