Form 4: Trupanion Executive Melissa Hewitt Reports Stock Transactions
SEC Form 4 Filing
Melissa Joy Hewitt, General Manager at Trupanion, Inc., reported the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of common stock.
Summary
- On February 25, 2025, Melissa Joy Hewitt, General Manager of Trupanion, Inc., reported transactions involving restricted stock units (RSUs) converting into common stock.
- These transactions included the vesting of RSUs granted on various dates (February 22, 2021, February 28, 2022, and August 14, 2023).
- The company withheld shares to satisfy income tax obligations related to the vesting of these RSUs at a price of $34.12 per share.
- Following these transactions, Hewitt's directly held beneficial ownership of Trupanion common stock is 9,779 shares.
- Hewitt also holds 1,250 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC for company insiders, providing transparency into their trading activities and ownership positions.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and ownership adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Reporting person was granted 467 and 7,198 restricted stock units (RSUs). |
| 02/25/2022 | 1/4th of the total shares granted on February 22, 2021 vested and converted into common stock. |
| 02/28/2022 | Reporting person was granted 3,685 restricted stock units (RSUs). |
| 08/14/2023 | Reporting person was granted 2,000 restricted stock units (RSUs). |
| 08/25/2024 | 1/4th of the total shares granted on August 14, 2023 vested and converted into common stock. |
| 02/25/2025 | Transactions reported: vesting of RSUs and tax withholding. |
| 02/25/2025 | RSUs vested and converted into common stock. |
| 08/25/2027 | Expiration date of some Restricted Stock Units (RSUs). |
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