Form 4: Turning Point Brands Director Stephen Usher Reports Stock Transactions
SEC Form 4
Director Stephen Usher reports acquisition of restricted stock units and shares withheld for tax obligations related to vested restricted stock units.
Summary
- On May 8, 2024, Stephen Usher, a director of Turning Point Brands, Inc., acquired 2,415 shares of common stock at a price of $33.13 per share.
- These shares were received as a grant of restricted stock units under the company's 2021 Equity Incentive Plan.
- On the same day, 1,189 shares were withheld for the payment of taxes related to restricted stock units that vested.
- Following these transactions, Usher directly owns 5,717 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by a company director, which is a routine and expected activity.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the actions of company leadership.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
- The transactions have a minimal impact on employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of transaction: Acquisition of restricted stock units and shares withheld for taxes. |
| 05/10/2024 | Date of signature on the Form 4 filing. |
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