Form 4: Turning Point Brands Director Lawrence Wexler Reports Stock Transactions
SEC Form 4 Filing
Director Lawrence Wexler reported the acquisition of 2,415 restricted stock units and the disposal of 2,733 shares for tax obligations related to vested restricted stock units.
Summary
- On May 8, 2024, Lawrence Wexler, a director of Turning Point Brands, Inc., reported transactions involving the company's common stock.
- Wexler acquired 2,415 restricted stock units at a price of $33.13.
- He also disposed of 2,733 shares at $33.13 to cover tax obligations related to vested restricted stock units.
- Following these transactions, Wexler directly owns 367,701 shares of Turning Point Brands common stock.
- Wexler also holds options to purchase a total of 119,414 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company director, which is a routine regulatory filing.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into insider transactions, allowing investors to monitor the buying and selling activities of company executives and directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure of the company.
Key Dates
| Date | Description |
|---|---|
| 08/08/2014 | 50% of options granted on 08/08/2014 vested |
| 08/08/2015 | 25% of options granted on 08/08/2014 vested |
| 08/08/2016 | 25% of options granted on 08/08/2014 vested |
| 01/01/2018 | 34% of options granted on 05/17/2027 vested |
| 01/01/2019 | 33% of options granted on 05/17/2027 and 34% of options granted on 03/07/2028 vested |
| 01/01/2020 | 33% of options granted on 05/17/2027, 33% of options granted on 03/07/2028 and 34% of options granted on 03/20/2029 vested |
| 01/01/2021 | 33% of options granted on 03/07/2028, 33% of options granted on 03/20/2029 and 34% of options granted on 03/18/2030 vested |
| 01/01/2022 | 33% of options granted on 03/20/2029, 33% of options granted on 03/18/2030 and 34% of options granted on 02/18/2031 vested |
| 01/01/2023 | 33% of options granted on 03/18/2030 and 33% of options granted on 02/18/2031 vested |
| 01/01/2024 | 33% of options granted on 02/18/2031 vested |
| 05/08/2024 | Director Wexler acquired 2,415 restricted stock units and disposed of 2,733 shares for tax obligations. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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