Form 4: Trupanion CFO Fawwad Qureshi Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of Trupanion, Fawwad Qureshi, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 22, 2024, Trupanion's CFO, Fawwad Qureshi, reported transactions involving common stock and restricted stock units (RSUs).
- 913 RSUs were converted into common stock.
- 289 shares of common stock were withheld by Trupanion to cover income tax obligations related to the vesting of the RSUs.
- Following these transactions, Qureshi directly owns 624 shares of common stock and 5,478 RSUs.
- The RSUs vest quarterly, with the next vesting date on February 22, 2026.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the issuance of shares related to existing compensation plans.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Reporting person was granted 7,304 restricted stock units (RSUs). |
| 05/22/2024 | 1/8th of the total shares vested. |
| 08/22/2024 | Date of transaction: RSUs converted to common stock and shares withheld for tax obligations. |
| 08/26/2024 | Date of Form 4 filing. |
| 02/22/2026 | Expiration date of the Restricted Stock Units. |
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