David Edward Glazek - Mar 1, 2024 Form 4 Insider Report for Turning Point Brands, Inc. (TPB)

Role
Executive Chairman, Director
Signature
/s/ David Glazek
Stock symbol
TPB
Transactions as of
Mar 1, 2024
Transactions value $
$472,878
Form type
4
Date filed
3/5/2024, 09:23 PM
Previous filing
Nov 16, 2023
Next filing
Mar 13, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPB Common Stock Award $139K +5.26K +7.62% $26.52 74.2K Mar 1, 2024 Direct F2
transaction TPB Common Stock Tax liability -$56.6K -2.13K -2.87% $26.52 72.1K Mar 1, 2024 Direct F3
transaction TPB Common Stock Award $390K +14.7K +20.4% $26.52 86.8K Mar 1, 2024 Direct F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPB Options Award $0 +77.5K $0.00 77.5K May 12, 2023 Common Stock 77.5K $20.71 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Options granted under the Turning Point Brands, Inc. 2021 Equity Incentive Plan. The options vest and become exercisable as to 25% of the underlying shares on the last day of each calendar quarter of the 2023 calendar year.
F2 Represents shares issued upon settlement of performance restricted stock units granted to the reporting person in May 2023. The compensation committee of the Board of Directors determined that the performance criteria were met on March 1, 2024. The total reported in Column 5 includes 17,528 restricted stock units and 56,704 shares of common stock.
F3 The reported transaction involves shares withheld for the payment of taxes related to performance restricted stock units that the performance criteria were met on March 1, 2024. The total reported in Column 5 includes 17,528 restricted stock units and 54,570 shares of common stock.
F4 The reported transaction involved the reporting person's receipt of a grant of 14,706 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 32,234 restricted stock units and 54,570 shares of common stock.