Director Stephen Usher receives 1,295 RSU award at Turning Point Brands (NYSE: TPB)

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Usher Stephen reported acquisition or exercise transactions in this Form 4 filing.

Turning Point Brands director Stephen Usher received an equity grant rather than buying shares on the market. On May 11, 2026, he was awarded 1,295 restricted stock units under the company’s 2021 Equity Incentive Plan, valued at $92.71 per unit for reporting purposes.

After this grant, his reported equity stake totals 5,470 share-equivalents, consisting of 4,175 shares of common stock plus the newly awarded 1,295 restricted stock units, all held directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Usher Stephen

Role null

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,295	$92.71	$120K

Holdings After Transaction: Common Stock — 5,470 shares (Direct, null)

Footnotes (1)

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Key Figures

RSU grant size: 1,295 restricted stock units Grant value per unit: $92.71 per share Total equity after grant: 5,470 share-equivalents +3 more

6 metrics

RSU grant size 1,295 restricted stock units Award under 2021 Equity Incentive Plan on May 11, 2026

Grant value per unit $92.71 per share Reporting value for the 1,295-unit RSU grant

Total equity after grant 5,470 share-equivalents Common shares plus newly awarded RSUs after transaction

Common shares held 4,175 shares Common stock reported in total following transaction

Transaction code A (grant, award, or other acquisition) Indicates compensation-related RSU award, not open-market buy

Ownership type Direct (D) All reported holdings are directly owned by Stephen Usher

Key Terms

restricted stock units, 2021 Equity Incentive Plan, Form 4, transaction code A, +1 more

5 terms

restricted stock units financial

"receipt of a grant of 1,295 restricted stock units under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan"

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.

2021 Equity Incentive Plan financial

"under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan"

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

transaction code A regulatory

"transaction_code": "A","transaction_type": "non-derivative""

Column 5 financial

"The total reported in Column 5 includes the newly awarded 1,295 restricted stock units and 4,175 shares of common stock."

Form 4 Insider Transactions: What Each Field Means →

05/13/2026 - 08:40 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Usher Stephen

(Last)

(First)

(Middle)

5201 INTERCHANGE WAY

(Street)

LOUISVILLE

KENTUCKY

40229

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Turning Point Brands, Inc. [ TPB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/11/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/11/2026		A		1,295	A	$92.71	5,470⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The reported transaction involved the reporting person's receipt of a grant of 1,295 restricted stock units under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan. The total reported in Column 5 includes the newly awarded 1,295 restricted stock units and 4,175 shares of common stock.

	/s/ Stephen Usher	05/13/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Stephen Usher report in this Form 4 for Turning Point Brands (TPB)?

Stephen Usher reported receiving a grant of 1,295 restricted stock units. These were awarded under Turning Point Brands’ 2021 Equity Incentive Plan as compensation, not bought on the open market, and increase his total reported equity exposure in the company.

How many Turning Point Brands (TPB) units did Stephen Usher acquire in this transaction?

He acquired 1,295 restricted stock units linked to Turning Point Brands common stock. These units represent a future right to receive shares, typically subject to vesting conditions, and are distinct from open-market purchases of already outstanding common shares.

What price was used for Stephen Usher’s Turning Point Brands (TPB) RSU grant?

The Form 4 shows a value of $92.71 per share for the 1,295-unit grant. This figure is used for reporting and valuation purposes, reflecting the per-share value assigned to the restricted stock units on the grant date.

What is Stephen Usher’s total reported Turning Point Brands (TPB) equity after this grant?

Following the grant, his total reported equity exposure is 5,470 share-equivalents. This consists of 4,175 shares of common stock plus 1,295 newly awarded restricted stock units, all reported as directly held in his name.

Is Stephen Usher’s Turning Point Brands (TPB) transaction an open-market buy or a compensation award?

The transaction is a compensation award, not an open-market purchase. The Form 4 uses transaction code A for a grant or award, and the footnote confirms the 1,295 units are restricted stock units under the 2021 Equity Incentive Plan.

What plan governs Stephen Usher’s restricted stock unit grant from Turning Point Brands (TPB)?

The grant was issued under Turning Point Brands, Inc.’s 2021 Equity Incentive Plan. This plan authorizes equity-based compensation such as restricted stock units, aligning director and employee incentives with long-term company performance and shareholder interests.