TRUP.NASDAQTrupanion, INC

Form 4: Trupanion Executive Simon Wheeler Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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EVP of Trupanion International, Simon Wheeler, reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • Simon Wheeler, EVP of Trupanion International, filed a Form 4 detailing changes in beneficial ownership of Trupanion, Inc. stock.
  • On May 22, 2024, Wheeler vested 1,525 restricted stock units (RSUs), which converted into common stock on a one-for-one basis.
  • The company withheld 716 shares to satisfy income tax obligations related to the vesting at a price of $29.19 per share.
  • Following these transactions, Wheeler directly owns 6,198 shares of common stock and 10,678 restricted stock units.
  • The RSUs were granted on February 27, 2024, and vest quarterly, with 1/8th of the total shares vesting on May 22, 2024, and subsequent 1/8th portions vesting quarterly thereafter, contingent upon continued service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions, and does not contain information that would significantly impact investor sentiment positively or negatively.

Industry Context

Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates

DateDescription
02/27/2024Reporting person was granted 12,203 restricted stock units (RSUs).
05/22/2024Date of transaction: vesting of restricted stock units and tax withholding.
02/22/2026Expiration date of the Restricted Stock Units.
05/24/2024Date of Form 4 filing.

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