Trupanion CAO exercises RSUs, covers taxes in shares
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Form Type
4
Rhea-AI Filing Summary
TRUPANION, INC. Chief Administration Officer Brenna McGibney reported compensation-related stock activity, with restricted stock units vesting into 6,431 shares of common stock on May 22 and May 25, 2026. The company withheld 3,439 shares at prices around $21.98 and $21.86 solely to cover tax obligations, not as open-market sales. Following these transactions, McGibney holds 11,265 common shares directly.
Insider Trade Summary
6,431 shares exercised/converted
Exercise
24 txns
Insider
MCGIBNEY BRENNA
Role
Chief Administration Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 234 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 31 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 18 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 338 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 27 | $0.00 | $0.00 |
| Exercise | Common Stock | 234 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 125 | $21.86 | $3K |
| Exercise | Common Stock | 31 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 16 | $21.86 | $349.76 |
| Exercise | Common Stock | 18 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9 | $21.86 | $196.74 |
| Exercise | Common Stock | 338 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 180 | $21.86 | $4K |
| Exercise | Common Stock | 27 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 14 | $21.86 | $306.04 |
| Exercise | Restricted Stock Unit (RSU) | 1,250 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 1,882 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 2,651 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,250 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 669 | $21.98 | $15K |
| Exercise | Common Stock | 1,882 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,007 | $21.98 | $22K |
| Exercise | Common Stock | 2,651 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,419 | $21.98 | $31K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 35,179 contracts (Direct);
Common Stock — 11,445 shares (Direct)
Footnotes (10)
- F1. Restricted stock units convert into common stock on a one-for-one basis.
- F2. This Form 4 discloses the shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations in connection with the vesting of the restricted stock units, and does not represent a sale by the reporting person.
- F3. On February 27, 2024, the reporting person was granted 20,000 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on February 25, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F4. On February 27, 2025, the reporting person was granted 15,053 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on May 22, 2025, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.
- F5. On February 20, 2026, the reporting person was granted 21,212 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares on May 22, 2026, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.
- F6. On August 12, 2022, the reporting person was granted 3,738 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on August 25, 2023, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F7. On February 27, 2023, the reporting person was granted 495 restricted stock units (RSUs). The RSUs vest and will convert to common stock of the Issuer as to 1/4th of the total shares on February 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F8. On May 15, 2023, the reporting person was granted 277 restricted stock units (RSUs). The RSUs vested and converted into common stock of the Issuer as to 1/4th of the total shares on May 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F9. On August 14, 2023, the reporting person was granted 5,410 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F10. On August 14, 2023, the reporting person was granted 434 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on August 25, 2024, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
Key Figures
RSU shares vested: 6,431 shares
Shares withheld for taxes: 3,439 shares
Tax withholding price 1: $21.98 per share
+5 more
8 metrics
RSU shares vested
6,431 shares
Common stock from RSU vesting on May 22 and 25, 2026
Shares withheld for taxes
3,439 shares
Tax-withholding dispositions coded F
Tax withholding price 1
$21.98 per share
Common stock withheld on May 22, 2026
Tax withholding price 2
$21.86 per share
Common stock withheld on May 25, 2026
Shares held after transactions
11,265 shares
Direct common stock ownership following May 25, 2026 activity
2024 RSU grant size
20,000 RSUs
Grant dated February 27, 2024
2025 RSU grant size
15,053 RSUs
Grant dated February 27, 2025
2026 RSU grant size
21,212 RSUs
Grant dated February 20, 2026
Key Terms
Restricted Stock Unit (RSU), tax-withholding disposition, derivative exercise/conversion, Form 4, +1 more
5 terms
Restricted Stock Unit (RSU) financial
"Restricted stock units convert into common stock on a one-for-one basis."
A restricted stock unit (RSU) is a promise from a company to give an employee company shares (or cash equal to their value) at a future date if certain conditions are met, such as staying with the company or hitting performance targets. For investors, RSUs matter because when they convert into actual shares they increase the number of shares available and can create selling pressure as employees cash out—think of them as a future paycheck paid in company stock.
tax-withholding disposition financial
"shares of common stock that have been withheld by the issuer to satisfy its income tax withholding"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"Exercise or conversion of derivative security"
Form 4 regulatory
"This Form 4 discloses the shares of common stock that have been withheld"
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.
Chief Administration Officer financial
"officer_title": "Chief Administration Officer""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TRUPANION (TRUP) executive Brenna McGibney report in this Form 4?
Brenna McGibney reported RSUs vesting into common stock and related tax withholding. On May 22 and May 25, 2026, 6,431 shares were acquired through RSU vesting and 3,439 shares were withheld to satisfy income tax obligations, with no open-market stock sales disclosed.
How do TRUPANION (TRUP) restricted stock units convert under McGibney’s grants?
The RSUs convert into common stock on a one-for-one basis. Footnotes describe several grants, including 20,000 RSUs from February 27, 2024, and 15,053 and 21,212 RSUs from 2025 and 2026, which vest initially then continue vesting quarterly with ongoing service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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