Form 4: Trupanion SVP, Channel Growth, Emily Dreyer, Reports Stock Transactions
SEC Form 4 Filing
Emily Dreyer, SVP, Channel Growth at Trupanion, Inc., reports the vesting and conversion of restricted stock units (RSUs) into common stock, along with associated tax withholding.
Summary
- On February 25, 2025, Emily Dreyer, SVP, Channel Growth at Trupanion, Inc., engaged in multiple transactions involving common stock and restricted stock units (RSUs).
- These transactions included the vesting and conversion of RSUs into common stock, as well as the withholding of shares by the issuer to cover income tax obligations.
- Dreyer acquired common stock through the conversion of RSUs, specifically 23, 343, 1,482, and 800 shares from different RSU grants.
- The issuer withheld 6, 81, 439, and 204 shares of common stock at a price of $34.12 to satisfy income tax withholding requirements.
- Following these transactions, Dreyer's directly held beneficial ownership of common stock is 31,016 shares, and she holds 3,430 and 5,927 RSUs from previous grants.
Sentiment
Score: 5
Explanation: This is a neutral event reflecting standard executive compensation practices.
Positives
- The vesting of RSUs indicates that Dreyer is meeting the service requirements of her equity grants.
Industry Context
This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in ownership.
Key Dates
| Date | Description |
|---|---|
| 02/22/2021 | Reporting person was granted 363 and 12,798 restricted stock units (RSUs). |
| 02/25/2022 | 1/4th of the 363 and 12,798 RSUs granted on February 22, 2021 vested and converted into common stock. |
| 02/28/2022 | Reporting person was granted 23,707 restricted stock units (RSUs). |
| 08/14/2023 | Reporting person was granted 5,489 restricted stock units (RSUs). |
| 08/25/2024 | 1/4th of the 5,489 RSUs granted on August 14, 2023 vest and convert into common stock. |
| 02/25/2023 | 1/4th of the 23,707 RSUs granted on February 28, 2022 vested and converted into common stock. |
| 08/25/2027 | Expiration date for some of the RSUs. |
| 02/25/2025 | Date of the reported transactions: vesting of RSUs and tax withholding. |
| 02/27/2025 | Date of the Form 4 filing. |
| 02/25/2026 | Expiration date for some of the RSUs. |
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