Form 4: Trupanion Executive Travis Worra Reports Stock Transactions
SEC Form 4 Filing
General Manager Travis Worra of Trupanion, Inc. reports transactions involving restricted stock units and common stock.
Summary
- On February 25, 2024, Travis Worra, General Manager of Trupanion, Inc., reported several transactions involving the company's stock.
- These transactions included the conversion of restricted stock units (RSUs) into common stock and the withholding of shares by the issuer to cover income tax obligations.
- Worra acquired shares through the vesting of RSUs granted on April 3, 2020, February 22, 2021, November 12, 2021, and February 28, 2022.
- A total of 374 RSUs were converted into common stock.
- The company withheld a total of 110 shares to satisfy income tax obligations at a price of $23 per share.
- Following these transactions, Worra directly owns 3,986 shares of common stock and indirectly owns 1,721 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, neither particularly positive nor negative.
Industry Context
This filing is a routine disclosure of insider transactions, which is a normal part of corporate governance and provides transparency to investors.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent routine vesting of stock options and tax withholdings.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Travis Worra was granted 1,782 restricted stock units (RSUs). |
| 02/22/2021 | Travis Worra was granted 1,138 restricted stock units (RSUs). |
| 11/12/2021 | Travis Worra was granted 1,408 restricted stock units (RSUs). |
| 02/28/2022 | Travis Worra was granted 1,637 restricted stock units (RSUs). |
| 02/25/2024 | Travis Worra reported transactions involving RSUs converting to common stock and shares withheld for tax obligations. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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