Turning Point Brands (TPB) finance chief sells 4,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turning Point Brands, Inc. senior vice president of finance and chief accounting officer Brian Wigginton reported an open-market sale of 4,000 shares of common stock at a weighted average price of $91.67 per share on May 12, 2026.
After this sale, he holds a total of 9,230 shares, consisting of 4,627 restricted stock units and 4,603 shares of common stock. This filing reflects a single net sale with no derivative exercises reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,000 shares ($366,680)
Net Sell
1 txn
Insider
Wigginton Brian
Role
Sr VP Finance & CAO
Sold
4,000 shs ($367K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,000 | $91.67 | $367K |
Holdings After Transaction:
Common Stock — 9,230 shares (Direct, null)
Footnotes (1)
- The price reported in Column 4 is a weighted average price. The total reported in Column 5 includes 4,627 restricted stock units and 4,603 shares of common stock.
Key Figures
Shares sold: 4,000 shares
Sale price: $91.67 per share
Approximate transaction value: $366,680
+3 more
6 metrics
Shares sold
4,000 shares
Open-market sale of common stock on May 12, 2026
Sale price
$91.67 per share
Weighted average sale price for the 4,000 shares
Approximate transaction value
$366,680
4,000 shares sold at $91.67 per share
Total holdings after sale
9,230 shares
Common stock and RSUs held following the transaction
Restricted stock units held
4,627 RSUs
Portion of total 9,230 shares after transaction
Common shares held
4,603 shares
Direct common stock holdings after the sale
Key Terms
weighted average price, restricted stock units, open-market sale
3 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock units financial
"The total reported in Column 5 includes 4,627 restricted stock units and 4,603 shares of common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transaction did TPB executive Brian Wigginton report?
Brian Wigginton reported an open-market sale of 4,000 Turning Point Brands shares at a weighted average price of $91.67 per share. The transaction involved common stock and was disclosed in a Form 4 insider filing.
What type of security did the TPB insider sell in this Form 4?
The transaction involved common stock of Turning Point Brands. The Form 4 characterizes it as a non-derivative security, meaning it is the company’s regular equity rather than options, warrants, or other derivative instruments.
Was the TPB insider transaction an open-market sale or a private transfer?
The Form 4 describes the transaction as an open-market sale. The transaction code “S” and the description confirm it as a sale in the open market or a similar private transaction at market-based pricing.
Does Brian Wigginton hold any derivative securities of Turning Point Brands?
The filing’s derivative summary is empty, indicating no derivative positions such as options or warrants are reported. His reported ownership consists of common stock and restricted stock units rather than derivative securities.