Trupanion COO reports RSU vesting and tax withholding
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Form Type
4
Rhea-AI Filing Summary
TRUPANION, INC. Chief Operating Officer John R. Gallagher reported equity compensation activity involving restricted stock units and common shares. On February 20, 2026, he received a grant of 16,609 RSUs that vest over time, beginning May 22, 2026.
On February 22, 2026, multiple RSU tranches vested and converted one-for-one into common stock through derivative exercises, increasing his direct common share holdings. On the same date, a total of 1,908 common shares were withheld at $27.16 per share to cover tax obligations, which the footnotes state does not represent a sale by Gallagher. After these transactions, he directly held 36,714 shares of common stock.
Insider Trade Summary
6,761 shares exercised/converted
Exercise
10 txns
Insider
GALLAGHER JOHN R
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 2,570 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 864 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) | 3,327 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,570 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 762 | $27.16 | $21K |
| Exercise | Common Stock | 864 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 210 | $27.16 | $6K |
| Exercise | Common Stock | 3,327 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 936 | $27.16 | $25K |
| Grant/Award | Restricted Stock Unit (RSU) | 16,609 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 39,433 contracts (Direct);
Common Stock — 36,714 shares (Direct)
Footnotes (6)
- 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 20, 2026, the reporting person was granted 16,609 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.
- F4. On February 27, 2024, the reporting person was granted 20,559 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, 2024, after which 1/8th of the total shares vest quarterly, subject to continued service through each vest date.
- F5. On November 12, 2024, the reporting person was granted 13,838 restricted stock units (RSUs). The RSUs vest and convert into common stock of the Issuer as to 1/4th of the total shares on November 22, 2025, after which 1/16th of the total shares vest quarterly, subject to continued service through each vest date.
- F6. On February 27, 2025, the reporting person was granted 26,619 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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did TRUP COO John R. Gallagher report on this Form 4?
John R. Gallagher reported RSU vesting, a new RSU grant, and related common stock tax-withholding. Several restricted stock unit awards converted into common shares, and shares were withheld to satisfy income tax obligations, increasing his direct holdings to 36,714 common shares.
How many restricted stock units did TRUP grant to COO John R. Gallagher in February 2026?
On February 20, 2026, John R. Gallagher received a grant of 16,609 restricted stock units. According to the vesting schedule, one-eighth vests on May 22, 2026, with additional one-eighth portions vesting quarterly thereafter, subject to his continued service with the company.
How do John R. Gallagher’s new RSUs in TRUP vest over time?
The 16,609 RSUs granted on February 20, 2026 vest in installments. One-eighth of the total vests and converts into common stock on May 22, 2026, then one-eighth vests quarterly afterward, provided Gallagher remains in service through each vesting date.
Did TRUP COO John R. Gallagher sell common stock in these reported transactions?
The Form 4 indicates no open-market sales by Gallagher. Shares labeled with transaction code “F” were withheld by the issuer to cover income tax obligations upon RSU vesting, and the footnote explicitly states this withholding does not represent a sale by the reporting person.
What is John R. Gallagher’s direct common stock ownership in TRUP after these transactions?
After the February 22, 2026 transactions, Gallagher directly owns 36,714 shares of TRUP common stock. This figure reflects RSU conversions into common shares and the withholding of certain shares to satisfy tax obligations associated with the vesting events.
What earlier RSU grants to TRUP COO John R. Gallagher are referenced and how do they vest?
Footnotes reference RSU grants from February 27, 2024; November 12, 2024; and February 27, 2025. Each award vests in scheduled fractions—such as one-eighth or one-fourth initially, then quarterly portions—contingent on Gallagher’s continued service through the respective vesting dates.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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