Form 4: Trupanion's Chief Operating Officer, John R. Gallagher, Reports Stock Transactions
SEC Form 4 Filing
John R. Gallagher, Chief Operating Officer of Trupanion, Inc., reports the vesting and conversion of restricted stock units into common stock, along with shares withheld for tax obligations, as per a Form 4 filing with the SEC.
Summary
- On February 25, 2025, John R. Gallagher, the Chief Operating Officer of Trupanion, Inc., filed a Form 4 with the SEC.
- The filing details the vesting and conversion of restricted stock units (RSUs) into common stock.
- Shares were also withheld by the issuer to cover income tax obligations related to the vesting of these RSUs.
- The transactions resulted in a net change in Gallagher's beneficial ownership of Trupanion's common stock.
- Gallagher directly owns 28,649 shares of common stock after the reported transactions.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an executive, with no inherent positive or negative implications.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.
Stakeholder Impact
- Shareholders may be interested in tracking insider transactions as an indicator of management's confidence in the company.
- The transactions have a minor impact on the overall shareholding structure.
Key Dates
| Date | Description |
|---|---|
| February 22, 2021 | Reporting person was granted 13,052 restricted stock units (RSUs). |
| February 25, 2022 | 1/4th of the 13,052 RSUs granted on February 22, 2021 vested and converted into common stock. |
| February 28, 2022 | Reporting person was granted 11,752 restricted stock units (RSUs). |
| February 25, 2023 | 1/4th of the 11,752 RSUs granted on February 28, 2022 vested and converted into common stock. |
| May 15, 2023 | Reporting person was granted 460 restricted stock units (RSUs). |
| August 14, 2023 | Reporting person was granted 7,223 restricted stock units (RSUs). |
| August 14, 2023 | Reporting person was granted 721 restricted stock units (RSUs). |
| May 25, 2024 | 1/4th of the 460 RSUs granted on May 15, 2023 vested and converted into common stock. |
| August 25, 2024 | 1/4th of the 7,223 and 721 RSUs granted on August 14, 2023 vested and converted into common stock. |
| February 25, 2025 | Date of the reported transactions, including RSU conversions and tax withholding. |
| August 25, 2027 | Expiration date for some of the Restricted Stock Units. |
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