Form 4: Trupanion Executive Vests RSUs, Tax Withholding Reported
Insider Transaction Report
Trupanion's EVP, Steve Weinrauch, reported the vesting of restricted stock units and associated tax withholdings on August 25, 2025.
Summary
- Steve Weinrauch, EVP, North America & Vet Strategy at Trupanion, Inc. (TRUP), reported transactions on August 25, 2025.
- A total of 924 Restricted Stock Units (RSUs) vested and converted into common stock (353, 530, and 41 shares respectively).
- Concurrently, 223 shares of common stock were withheld by the issuer at a price of $45.83 per share to satisfy income tax withholding obligations related to the RSU vesting.
- Following these transactions, Steve Weinrauch beneficially owns 63,912 shares of common stock directly.
- Remaining derivative securities include 2,828 RSUs from an August 14, 2023 grant, 1,062 RSUs from a February 28, 2022 grant, and 243 RSUs from a February 27, 2023 grant.
Sentiment
Score: 5
Explanation: The filing reports routine executive compensation events (RSU vesting and tax withholding) which are neutral in terms of immediate positive or negative sentiment for the company's operational or financial performance.
Positives
- The vesting of Restricted Stock Units (RSUs) indicates continued service and compensation for a key executive, aligning management interests with shareholders.
- The conversion of RSUs into common stock increases the executive's direct ownership in the company.
Negatives
- A portion of the vested shares (223 shares) was withheld for tax obligations, reducing the net number of shares received by the executive.
Stakeholder Impact
- Shareholders: The vesting and conversion of RSUs represent a minor increase in the outstanding share count, which is a routine part of equity compensation plans. It also reinforces alignment between executive compensation and shareholder value.
Next Steps
- Future quarterly vesting of remaining Restricted Stock Units (RSUs) for Steve Weinrauch, subject to continued service.
Key Dates
| Date | Description |
|---|---|
| 02/28/2022 | Grant date for 8,490 Restricted Stock Units (RSUs) to Steve Weinrauch. |
| 02/25/2023 | First vesting date for 1/4th of the 8,490 RSU grant. |
| 02/27/2023 | Grant date for 649 Restricted Stock Units (RSUs) to Steve Weinrauch. |
| 08/14/2023 | Grant date for 5,655 Restricted Stock Units (RSUs) to Steve Weinrauch. |
| 02/25/2024 | First vesting date for 1/4th of the 649 RSU grant. |
| 08/25/2024 | First vesting date for 1/4th of the 5,655 RSU grant. |
| 08/25/2025 | Transaction date for current RSU vesting and associated tax withholding. |
| 02/25/2026 | Expiration date for remaining 1,062 RSUs from the 8,490 grant. |
| 02/25/2027 | Expiration date for remaining 243 RSUs from the 649 grant. |
| 08/25/2027 | Expiration date for remaining 2,828 RSUs from the 5,655 grant. |
| 08/27/2025 | Date the Form 4 was signed by the attorney-in-fact for Steve Weinrauch. |
Keywords
TRUP, Trupanion, SEC Form 4, RSU Vesting, Insider Transaction, Executive Compensation, Common Stock
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