Form 4: Turning Point Brands Director Ashley Davis Frushone Reports Stock Transactions
SEC Form 4 Filing
Director Ashley Davis Frushone reports acquisition of restricted stock units and shares withheld for tax obligations related to vested units.
Summary
- On May 8, 2024, Ashley Davis Frushone, a director of Turning Point Brands, Inc. (TPB), reported transactions involving the company's common stock.
- Frushone acquired 2,415 restricted stock units at a price of $33.13 under the company's 2021 Equity Incentive Plan.
- Additionally, 1,020 shares were withheld for the payment of taxes related to restricted stock units that vested on the same date, also valued at $33.13 per share.
- Following these transactions, Frushone beneficially owns 6,441 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company director, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of restricted stock unit grant and shares withheld for taxes. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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