Form 4: Trupanion Executive Simon Wheeler Reports Stock Transactions
SEC Form 4 Filing
EVP of Trupanion International, Simon Wheeler, reports the vesting and conversion of restricted stock units into common stock, along with associated tax withholding.
Summary
- Simon Wheeler, EVP of Trupanion International, reported transactions involving Trupanion, Inc. common stock on February 25, 2025.
- These transactions involved the vesting and conversion of restricted stock units (RSUs) into common stock.
- A total of 322 RSUs from an August 14, 2023 grant and 974 RSUs from a November 12, 2021 grant were converted.
- The company withheld 161 and 460 shares, respectively, to satisfy income tax obligations at a price of $34.12 per share.
- Following these transactions, Wheeler directly owns 14,506 shares of common stock and holds 6,138 RSUs.
- The RSUs convert into common stock on a one-for-one basis.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and stock transactions, with no indication of positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 11/12/2021 | Reporting person was granted 15,588 restricted stock units (RSUs). |
| 08/14/2023 | Reporting person was granted 5,144 restricted stock units (RSUs). |
| 08/25/2024 | 1/4th of the 5,144 RSUs granted on August 14, 2023 vest and convert into common stock. |
| 02/25/2025 | RSUs converted to common stock; shares withheld for tax obligations. |
| 02/27/2025 | Date of signature for the Form 4 filing. |
| 08/25/2027 | Expiration date for the restricted stock units granted on August 14, 2023. |
| 11/25/2025 | Expiration date for the restricted stock units granted on November 12, 2021. |
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