Form 4: Turning Point Brands Executive Brittani Cushman Reports Stock Transaction
SEC Form 4
Brittani Cushman, Sr VP, General Counsel of Turning Point Brands, Inc., reports disposition of shares to cover tax obligations related to vested restricted stock units.
Summary
- On April 1, 2024, Brittani Cushman, Sr VP, General Counsel of Turning Point Brands, Inc. (TPB), disposed of 733 shares of common stock at a price of $29.12 per share to cover tax obligations related to vested restricted stock units.
- Following the transaction, Cushman directly owns 24,839 shares of common stock, which includes 12,222 restricted stock units and 12,617 shares of common stock.
- Cushman also indirectly owns 406.806 shares through a spouse.
- Cushman holds options to purchase a total of 57,550 shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the trading activities of company executives.
Key Dates
| Date | Description |
|---|---|
| 01/01/2018 | Options vest and become exercisable as to 34% of the underlying shares on January 1, 2018, 33% of the underlying shares on January 1, 2019 and 33% of the underlying shares on January 1, 2020. |
| 01/01/2019 | Options vest and become exercisable as to 34% of the underlying shares on January 1, 2019, 33% of the underlying shares on January 1, 2020 and 33% of the underlying shares on January 1, 2021. |
| 01/01/2020 | Options vest and become exercisable as to 34% of the underlying shares on January 1, 2020, 33% of the underlying shares on January 1, 2021 and 33% of the underlying shares on January 1, 2022. |
| 01/01/2021 | Options vest and become exercisable as to 34% of the underlying shares on January 1, 2021, 33% of the underlying shares on January 1, 2022 and 33% of the underlying shares on January 1, 2023. |
| 01/01/2022 | Options vest and become exercisable as to 34% of the underlying shares on January 1, 2022, 33% of the underlying shares on January 1, 2023 and 33% of the underlying shares on January 1, 2024. |
| 01/01/2023 | Options vest and become exercisable as to 34% of the underlying shares on January 1, 2023, 33% of the underlying shares on January 1, 2024 and 33% of the underlying shares on January 1, 2025. |
| 02/14/2027 | Expiration date for some options. |
| 05/14/2027 | Expiration date for some options. |
| 03/07/2028 | Expiration date for some options. |
| 03/20/2029 | Expiration date for some options. |
| 03/18/2030 | Expiration date for some options. |
| 02/18/2031 | Expiration date for some options. |
| 03/14/2032 | Expiration date for some options. |
| 04/01/2024 | Date of the reported transaction: disposition of shares to cover tax obligations. |
| 04/03/2024 | Date of the report. |
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