Form 4: Trupanion's President Margaret Tooth Reports Stock Transactions
SEC Form 4
Margaret Tooth, President of Trupanion, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to her beneficial ownership of company stock.
Summary
- Margaret Tooth, President of Trupanion, Inc., filed a Form 4 detailing changes in her beneficial ownership of the company's stock on February 25, 2024.
- The transactions involve the vesting of restricted stock units (RSUs) and the withholding of shares by the issuer to cover income tax obligations.
- Specifically, 2,172, 2,927, and 3,266 RSUs vested and converted into common stock.
- A portion of the newly vested shares were then withheld by Trupanion to satisfy income tax obligations, at a price of $23 per share.
- Following these transactions, Ms. Tooth's direct ownership of Trupanion common stock is 77,872 shares.
- She also holds 11,707 and 26,125 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation. It doesn't contain information that would significantly shift investor sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates standard compensation practices involving stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/03/2020 | Reporting Person was granted 34,741 restricted stock units (RSUs). |
| 02/22/2021 | Reporting Person was granted 46,828 restricted stock units (RSUs). |
| 02/25/2021 | 1/4th of the 34,741 RSUs granted on April 3, 2020 vest. |
| 02/28/2022 | Reporting Person was granted 52,250 restricted stock units (RSUs). |
| 02/25/2022 | 1/4th of the 46,828 RSUs granted on February 22, 2021 vest. |
| 02/25/2023 | 1/4th of the 52,250 RSUs granted on February 28, 2022 vest. |
| 02/25/2024 | Date of reported transactions: vesting of RSUs and tax withholding. |
| 02/27/2024 | Date of Form 4 filing. |
| 02/25/2025 | Expiration date of some Restricted Stock Units (RSU). |
| 02/25/2026 | Expiration date of some Restricted Stock Units (RSU). |
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