Form 4: Trupanion Executive Travis Worra Reports Stock Transactions
SEC Form 4 Filing
General Manager Travis Worra of Trupanion, Inc. reported multiple transactions involving the acquisition and disposal of common stock and restricted stock units.
Summary
- Travis Worra, a General Manager at Trupanion, Inc., filed a Form 4 detailing several transactions.
- These transactions include the acquisition of common stock through the vesting of restricted stock units (RSUs) and the subsequent disposal of shares to cover tax obligations.
- On November 22, 2024, 169 shares were acquired and 41 shares were disposed of at a price of $53.60.
- On November 25, 2024, multiple transactions occurred, including the acquisition of 102, 125, 71, and 88 shares, and the disposal of 24, 30, 17, and 21 shares respectively, all at a price of $53.46.
- The transactions also involved the vesting of RSUs granted on various dates, including February 27, 2024, February 28, 2022, August 14, 2023, February 22, 2021, and November 12, 2021.
- The RSUs vest over time, with a portion vesting initially and the remainder vesting quarterly, subject to continued service.
Sentiment
Score: 7
Explanation: The document reflects routine transactions related to executive compensation. There is no indication of positive or negative sentiment, it is a neutral event.
Positives
- The vesting of restricted stock units indicates that the executive is meeting the conditions of their grant, which is tied to continued service.
- The transactions are a normal part of executive compensation and do not indicate any unusual activity.
Negatives
- The disposal of shares to cover tax obligations reduces the executive's direct ownership of the company's stock.
Risks
- There are no significant risks identified in this document.
- The transactions are routine and do not indicate any potential issues.
Industry Context
This is a standard SEC Form 4 filing, which is common for publicly traded companies. It reflects the normal course of executive compensation and stock ownership changes.
Comparison to Industry Standards
- The vesting of restricted stock units and the subsequent sale of shares to cover tax obligations are standard practices in executive compensation across publicly traded companies.
- Similar transactions are regularly reported by executives at comparable companies in the insurance and pet care industries.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are part of normal executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Date of grant for 1,138 restricted stock units (RSUs) that vest quarterly after an initial vesting on February 25, 2022. |
| 11/12/2021 | Date of grant for 1,408 restricted stock units (RSUs) that vest quarterly after an initial vesting on November 25, 2022. |
| 02/28/2022 | Date of grant for 1,637 restricted stock units (RSUs) that vest quarterly after an initial vesting on February 25, 2023. |
| 08/14/2023 | Date of grant for 2,000 restricted stock units (RSUs) that vest quarterly after an initial vesting on August 25, 2024. |
| 02/27/2024 | Date of grant for 1,351 restricted stock units (RSUs) that vest quarterly after an initial vesting on May 22, 2024. |
| 11/22/2024 | Date of reported stock transactions including acquisition of 169 shares and disposal of 41 shares. |
| 11/25/2024 | Date of reported stock transactions including multiple acquisitions and disposals of shares. |
| 11/27/2024 | Date the Form 4 was signed. |
| 02/25/2025 | Vesting date for 71 RSUs granted on February 22, 2021. |
| 11/25/2025 | Vesting date for 88 RSUs granted on November 12, 2021. |
| 02/22/2026 | Vesting date for 169 RSUs granted on February 27, 2024. |
| 02/25/2027 | Vesting date for 102 RSUs granted on February 28, 2022. |
| 08/25/2027 | Vesting date for 125 RSUs granted on August 14, 2023. |
Keywords
Trupanion, stock transactions, Form 4, restricted stock units, RSU, executive compensation, Travis Worra, insider trading
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