Form 4: Turning Point Brands CEO Graham Purdy Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Turning Point Brands CEO Graham Purdy disposed of 2,232 shares of common stock on April 1, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On April 1, 2024, Graham Purdy, the President and CEO of Turning Point Brands, Inc., disposed of 2,232 shares of common stock to satisfy tax obligations.
- The transaction was executed at a price of $29.12 per share.
- Following the transaction, Purdy directly owns 207,832 shares, including 42,922 restricted stock units and 164,910 shares of common stock.
- Purdy also holds options to purchase a total of 61,616 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a change in the company's prospects or management's confidence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/08/2014 | 50% of options granted on 2006 Equity Plan vested. |
| 08/08/2015 | 25% of options granted on 2006 Equity Plan vested. |
| 08/08/2016 | 25% of options granted on 2006 Equity Plan vested. |
| 01/01/2018 | 34% of options granted on 2015 Equity Incentive Plan vested. |
| 01/01/2019 | 33% of options granted on 2015 Equity Incentive Plan vested. |
| 01/01/2020 | 33% of options granted on 2015 Equity Incentive Plan vested. |
| 01/01/2021 | 33% of options granted on 2015 Equity Incentive Plan vested. |
| 01/01/2022 | 34% of options granted on 2015 Equity Incentive Plan vested. |
| 01/01/2023 | 33% of options granted on 2015 Equity Incentive Plan vested. |
| 01/01/2024 | 33% of options granted on 2015 Equity Incentive Plan vested. |
| 04/01/2024 | Transaction date: Disposal of 2,232 shares for tax obligations. |
| 04/03/2024 | Date of Form 4 filing. |
| 05/17/2027 | Expiration date for some options granted on the 2015 Equity Incentive Plan. |
| 03/07/2028 | Expiration date for some options granted on the 2015 Equity Incentive Plan. |
| 03/20/2029 | Expiration date for some options granted on the 2015 Equity Incentive Plan. |
| 03/18/2030 | Expiration date for some options granted on the 2015 Equity Incentive Plan. |
| 02/18/2031 | Expiration date for some options granted on the 2015 Equity Incentive Plan. |
| 03/14/2032 | Expiration date for some options granted on the 2021 Equity Incentive Plan. |
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