Form 4: Turning Point Brands Director Gregory Baxter Reports Stock Transactions

Director Gregory Baxter reports acquisition of restricted stock units and shares withheld for tax obligations related to vested restricted stock units.

Summary

• On May 8, 2024, Gregory Baxter, a director of Turning Point Brands, Inc., reported the acquisition of 2,415 restricted stock units at a price of $33.13.
• Baxter also reported that 1,286 shares were withheld for the payment of taxes related to restricted stock units that vested on the same date, also at $33.13.
• Following these transactions, Baxter directly owns 40,861 shares of common stock and 14,344 options.

Sentiment

Score: 5

Explanation: This is a routine disclosure of stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment, but rather provides transparency into insider activity.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor the actions of those with privileged information.

Stakeholder Impact

• The transactions may be of interest to shareholders as they provide insight into the actions of a company director.

Key Dates