Turning Point Brands (TPB) counsel reports equity grants and tax-share withholdings
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turning Point Brands, Inc. senior vice president and general counsel Brittani Cushman reported multiple equity awards and related tax-share withholdings. On March 3, 2026, she acquired 2,181 shares of common stock as a grant under the company’s 2021 Equity Incentive Plan. On March 2, 2026, she reported several acquisitions of common stock tied to the settlement of performance restricted units that were originally granted between 2021 and 2025, after the board’s compensation committee determined the performance criteria were met on that date. She also reported dispositions of 6,057 and 1,192 shares of common stock withheld to pay taxes on these equity awards. The filing further notes outstanding options with various vesting schedules and an indirect holding of 406.806 common shares by her spouse, for which beneficial ownership is disclaimed.
Positive
- None.
Negative
- None.
Insider Trade Summary
14 transactions reported
Mixed
14 txns
Insider
Cushman Brittani
Role
Sr VP, General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,181 | $107.57 | $235K |
| Grant/Award | Common Stock | 4,782 | $108.51 | $519K |
| Grant/Award | Common Stock | 668 | $108.51 | $72K |
| Grant/Award | Common Stock | 10,700 | $108.51 | $1.16M |
| Grant/Award | Common Stock | 1,632 | $108.51 | $177K |
| Grant/Award | Common Stock | 615 | $108.51 | $67K |
| Tax Withholding | Common Stock | 6,057 | $108.51 | $657K |
| Tax Withholding | Common Stock | 1,192 | $108.51 | $129K |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Options | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 47,410 shares (Direct);
Options — 8,000 shares (Direct);
Common Stock — 406.806 shares (Indirect, By Spouse)
Footnotes (1)
- The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose. Granted pursuant to the issuer's 2015 Equity Incentive Plan The 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. The 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. The 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. The 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. The 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. Granted pursuant to the issuer's 2021 Equity Incentive Plan. Reports common stock issued upon settlement of performance restricted units granted to the reporting person in February 2021. The compensation committee of the Board of Directors determined that the performance criteria were met on March 2, 2026. The total reported in Column 5 includes 8,609 restricted stock units and 30,254 shares of common stock. Reports common stock issued upon settlement of performance restricted units granted to the reporting person in March 2022. The compensation committee of the Board of Directors determined that the performance criteria were met on March 2, 2026. The total reported in Column 5 includes 8,609 restricted stock units and 30,922 shares of common stock. Reports common stock issued upon settlement of performance restricted 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 2, 2026. The total reported in Column 5 includes 8,609 restricted stock units and 41,622 shares of common stock. Reports common stock issued upon settlement of performance restricted units granted to the reporting person in March 2024. The compensation committee of the Board of Directors determined that the performance criteria were met on March 2, 2026. The total reported in Column 5 includes 8,609 restricted stock units and 43,254 shares of common stock. Reports common stock issued upon settlement of performance restricted units granted to the reporting person in March 2025. The compensation committee of the Board of Directors determined that the performance criteria were met on March 2, 2026. The total reported in Column 5 includes 8,609 restricted stock units and 43,869 shares of common stock. 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 2, 2026. The total reported in Column 5 includes 8,609 restricted stock units and 37,812 shares of common stock. The reported transaction involves shares withheld for the payment of taxes related to the person's receipt of grants of restricted stock units under Turning Point Brands, Inc.'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 7,417 restricted stock units and 37,812 shares of common stock. The reported transaction involved the reporting person's receipt of a grant of 2,181 restricted stock units under Turning Point Brands, Inc,'s 2021 Equity Incentive Plan. The total reported in Column 5 includes 9,598 restricted stock units and 37,812 shares of common stock (this includes 8,716 shares of common stock deferred into the Company Non-Qualified Deferred Plan, which will be settled in accordance with the terms thereof).
FAQ
What insider transactions did Brittani Cushman report for Turning Point Brands (TPB)?
Brittani Cushman reported multiple equity-related transactions, mainly stock awards and tax-share withholdings. These include grants of common stock from performance restricted units and a new grant of restricted stock units under company incentive plans, plus related share dispositions to cover tax obligations.
What new restricted stock units did Brittani Cushman receive from TPB in March 2026?
Brittani Cushman received a grant of 2,181 restricted stock units under Turning Point Brands’ 2021 Equity Incentive Plan. According to the disclosure, after this grant the total in the relevant column includes 9,598 restricted stock units and 37,812 shares of common stock, some deferred under a non-qualified plan.
When were performance criteria met for Brittani Cushman’s TPB performance restricted units?
The compensation committee determined that performance criteria for several performance restricted unit grants were met on March 2, 2026. These units were originally granted in February 2021, March 2022, May 2023, March 2024, and March 2025, triggering issuances of common stock upon settlement that are reflected in the transactions.