Form 4: Trupanion Executive John R. Gallagher Reports Stock Transactions
SEC Form 4 Filing
EVP John R. Gallagher reports the vesting of restricted stock units and subsequent tax withholding by Trupanion, Inc.
Summary
- On August 25, 2024, John R. Gallagher, EVP of Global Support Services at Trupanion, Inc., reported transactions involving common stock and restricted stock units (RSUs).
- The transactions included the vesting of RSUs and the subsequent withholding of shares by the issuer to cover income tax obligations.
- Gallagher acquired shares through the conversion of RSUs and disposed of shares to satisfy tax obligations.
- The price per share for tax withholding purposes was $46.63.
- Following these transactions, Gallagher directly owns 21,780 shares of Trupanion common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential alignment of interests between management and shareholders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| February 22, 2021 | Reporting person was granted 13,052 and 298 restricted stock units (RSUs). |
| February 25, 2022 | 1/4th of the total shares of RSUs granted on February 22, 2021 vested and converted into common stock. |
| February 28, 2022 | The reporting person was granted 11,752 restricted stock units (RSUs). |
| February 25, 2023 | 1/4th of the total shares of RSUs granted on February 28, 2022 vested and converted into common stock. |
| May 15, 2023 | The reporting person was granted 460 restricted stock units (RSUs). |
| August 14, 2023 | The reporting person was granted 7,223 and 721 restricted stock units (RSUs). |
| May 25, 2024 | 1/4th of the total shares of RSUs granted on May 15, 2023 vested and converted into common stock. |
| August 25, 2024 | Transactions reported: Vesting of RSUs and tax withholding. |
| February 25, 2025 | Expiration date for some Restricted Stock Units (RSUs). |
| February 25, 2026 | Expiration date for some Restricted Stock Units (RSUs). |
| May 25, 2027 | Expiration date for some Restricted Stock Units (RSUs). |
| August 25, 2027 | Expiration date for some Restricted Stock Units (RSUs). |
| 08/27/2024 | Date of signature for the Form 4 filing. |
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