Form 4: Trupanion Executive Gallagher Reports Stock Transactions
SEC Form 4 Filing
John R. Gallagher, EVP at Trupanion, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- John R. Gallagher, an executive at Trupanion, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On August 22, 2024, Gallagher vested 2,570 restricted stock units (RSUs) which converted into common stock on a one-for-one basis.
- The company withheld 625 shares of common stock at a price of $45.39 to cover income tax obligations related to the vesting of the RSUs.
- Following these transactions, Gallagher directly owns 19,065 shares of Trupanion common stock and 15,420 restricted stock units.
- The RSUs were granted on February 27, 2024, and vest quarterly.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, with no particularly positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Reporting person was granted 20,559 restricted stock units (RSUs). |
| 05/22/2024 | 1/8th of the total shares of RSUs vest. |
| 08/22/2024 | Vesting of 2,570 Restricted Stock Units and tax withholding. |
| 02/22/2026 | Expiration date of the Restricted Stock Units. |
| 08/26/2024 | Date of Form 4 filing. |
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