Form 4: Turning Point Brands CFO Luis Reformina Reports Stock Transactions
SEC Form 4 Filing
Luis Reformina, CFO of Turning Point Brands, reports acquisition and disposal of common stock related to performance restricted stock units.
Summary
- On March 1, 2024, Luis Reformina, the CFO of Turning Point Brands, acquired 1,599 shares of common stock at $26.52 per share.
- On the same day, Reformina disposed of 592 shares of common stock at $26.52 per share to cover tax obligations related to settled performance restricted stock units.
- Following these transactions, Reformina directly owns 8,985 shares of common stock, which includes 7,328 restricted stock units and 1,657 shares of common stock.
- Reformina also holds options to purchase a total of 49,500 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
- The transactions have a minimal impact on the company's overall financial position.
Key Dates
| Date | Description |
|---|---|
| 01/01/2020 | Options vest and become exercisable as to 34% of the underlying shares granted on 10/24/2019. |
| 01/01/2021 | Options vest and become exercisable as to 33% of the underlying shares granted on 10/24/2019 and 34% of the underlying shares granted on 03/18/2020. |
| 01/01/2022 | Options vest and become exercisable as to 33% of the underlying shares granted on 10/24/2019, 33% of the underlying shares granted on 03/18/2020 and 34% of the underlying shares granted on 02/18/2021. |
| 01/01/2023 | Options vest and become exercisable as to 33% of the underlying shares granted on 03/18/2020 and 33% of the underlying shares granted on 02/18/2021. |
| 01/01/2024 | Options vest and become exercisable as to 33% of the underlying shares granted on 02/18/2021 and 33% of the underlying shares granted on 03/14/2022. |
| 01/01/2025 | Options vest and become exercisable as to 33% of the underlying shares granted on 03/14/2022. |
| 10/24/2029 | Expiration date for options to purchase 25,000 shares of common stock at $20.89. |
| 03/18/2030 | Expiration date for options to purchase 4,000 shares of common stock at $14.85. |
| 02/18/2031 | Expiration date for options to purchase 4,500 shares of common stock at $51.75. |
| 05/03/2031 | Expiration date for options to purchase 12,000 shares of common stock at $47.76. |
| 03/14/2032 | Expiration date for options to purchase 4,000 shares of common stock at $30.46. |
| 03/01/2024 | Date of the reported transactions: acquisition and disposal of common stock. |
| 03/05/2024 | Date of the Form 4 filing. |
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