Form 4: TPB Director Sells Shares for Tax Obligations
Insider Transaction Report
Turning Point Brands Director Lawrence Wexler disposed of 425 common shares to cover tax liabilities from vested restricted stock units.
Summary
- Lawrence Wexler, a Director of Turning Point Brands, Inc. (TPB), reported a transaction on January 2, 2026.
- The transaction involved the disposition of 425 shares of common stock.
- These shares were withheld for the payment of taxes related to restricted stock units that vested on January 2, 2026.
- The shares were valued at $110.24 per share for tax purposes.
- Following this transaction, Wexler beneficially owns 283,291 shares, which includes 2,205 restricted stock units and 281,086 shares of common stock.
- Wexler also holds various stock options granted under the 2015 Equity Incentive Plan, with exercise prices ranging from $14.85 to $51.75 and expiration dates between March 2027 and February 2031.
Sentiment
Score: 5
Explanation: The filing reports a routine insider transaction (shares withheld for tax) which is neutral in sentiment. It does not indicate any significant positive or negative operational or financial news for the company.
Negatives
- A reduction in direct common stock holdings by 425 shares due to tax withholding.
Future Outlook
N/A. This filing is a report of an insider transaction and does not contain forward-looking statements or guidance.
Industry Context
N/A. This is a routine insider transaction filing and does not provide information relevant to broader industry trends or competitive analysis.
Stakeholder Impact
- Minimal impact on shareholders as this is a routine tax-related disposition by a director, not a discretionary sale.
- No direct impact on employees, customers, suppliers, or creditors is indicated by this filing.
Key Dates
| Date | Description |
|---|---|
| 01/01/2018 | First vesting tranche (34%) for options expiring 05/17/2027. |
| 01/01/2019 | Second vesting tranche (33%) for options expiring 05/17/2027; First vesting tranche (34%) for options expiring 03/07/2028. |
| 01/01/2020 | Third vesting tranche (33%) for options expiring 05/17/2027; Second vesting tranche (33%) for options expiring 03/07/2028; First vesting tranche (34%) for options expiring 03/20/2029. |
| 01/01/2021 | Third vesting tranche (33%) for options expiring 03/07/2028; Second vesting tranche (33%) for options expiring 03/20/2029; First vesting tranche (34%) for options expiring 03/18/2030. |
| 01/01/2022 | Third vesting tranche (33%) for options expiring 03/20/2029; Second vesting tranche (33%) for options expiring 03/18/2030; First vesting tranche (34%) for options expiring 02/18/2031. |
| 01/01/2023 | Third vesting tranche (33%) for options expiring 03/18/2030; Second vesting tranche (33%) for options expiring 02/18/2031. |
| 01/01/2024 | Third vesting tranche (33%) for options expiring 02/18/2031. |
| 01/02/2026 | Date of transaction: shares withheld for tax payment related to vested restricted stock units. |
| 01/06/2026 | Date of filing signature. |
| 05/17/2027 | Expiration date for 16,819 options with an exercise price of $15.41. |
| 03/07/2028 | Expiration date for 26,500 options with an exercise price of $21.21. |
| 03/20/2029 | Expiration date for 35,500 options with an exercise price of $47.58. |
| 03/18/2030 | Expiration date for 20,000 options with an exercise price of $14.85. |
| 02/18/2031 | Expiration date for 15,900 options with an exercise price of $51.75. |
Keywords
Turning Point Brands, TPB, Lawrence Wexler, Insider Transaction, Form 4, Stock Options, Restricted Stock Units, Equity Incentive Plan, Director, Share Disposition, Tax Withholding
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