Form 4: Tile Shop Holdings Director Peter Kamin Reports Acquisition of Restricted Stock

Director Peter Kamin reports acquiring 28,752 shares of Tile Shop Holdings restricted stock at $6.6083 per share, while also detailing beneficial ownership through various trusts and partnerships.

Summary

• Peter Kamin, a director and 10% owner of Tile Shop Holdings, Inc., filed a Form 4 detailing changes in his beneficial ownership.
• On June 18, 2024, Kamin acquired 28,752 shares of common stock at a price of $6.6083 per share.
• These shares were granted as restricted stock under the company's 2021 Omnibus Equity Compensation Plan.
• The shares are subject to forfeiture until the earlier of the company's next annual meeting or June 18, 2025.
• Kamin also reported indirect beneficial ownership of Tile Shop Holdings common stock through several trusts and a limited partnership, including the Peter H. Kamin Revocable Trust (1,695,320 shares), the Peter H. Kamin Childrens Trust (1,033,733 shares), 3K Limited Partnership (333,495 shares), Peter H. Kamin Family Foundation (117,453 shares), and Peter H. Kamin GST Trust (328,711 shares).
• Kamin disclaims beneficial ownership of these securities except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral. The acquisition of shares by a director could be interpreted slightly positively, but it's not a major event.

Positives

• The acquisition of restricted stock by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock is tied to future events (annual meeting or June 18, 2025).

Management Comments

• Peter Kamin disclaims beneficial ownership of the securities held in trusts and partnerships except to the extent of his pecuniary interest.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their insiders. This filing indicates activity by a major shareholder and director.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates