Form 4: Turning Point Brands Executive De Plano Acquires Additional Shares
SEC Form 4 Filing
Lorenzo De Plano, Chief Strategy Officer of Turning Point Brands, recently purchased 15,043 shares of common stock at an average price of $27.97.
Summary
- On March 14, 2024, Lorenzo De Plano, the Chief Strategy Officer of Turning Point Brands, Inc., acquired 15,043 shares of common stock.
- The purchase price was $27.97 per share.
- Following the transaction, De Plano directly owns 31,375 shares, which includes 8,523 restricted stock units and 22,852 shares of common stock.
- De Plano also holds options to purchase shares of common stock, granted in 2020, 2021 and 2022, under the company's equity incentive plans.
- These options vest in tranches and become exercisable on various dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. The purchase indicates confidence, but it's a single transaction and doesn't provide a comprehensive view of the company's overall health.
Positives
- An insider purchase can be seen as a positive signal, indicating the executive's confidence in the company's future prospects.
Industry Context
Insider buying is often monitored by investors as a signal of management's confidence in the company's prospects. It's one of many factors considered when evaluating a stock.
Stakeholder Impact
- The insider purchase could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/14/2023 | Date of transaction |
| 01/01/2021 | First vesting date for 2020 options |
| 01/01/2022 | First vesting date for 2020 and 2021 options |
| 01/01/2023 | First vesting date for 2022 options and subsequent vesting date for 2020 and 2021 options |
| 01/01/2024 | Subsequent vesting date for 2021 and 2022 options |
| 01/01/2025 | Subsequent vesting date for 2022 options |
| 03/14/2024 | Date of purchase of common stock |
| 03/18/2024 | Date of signature |
| 03/18/2030 | Expiration date for 2020 options |
| 02/18/2031 | Expiration date for 2021 options |
| 03/14/2032 | Expiration date for 2022 options |
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