Trupanion (NASDAQ: TRUP) EVP RSUs vest, shares withheld for taxes
Rhea-AI Filing Summary
TRUPANION, INC. (TRUP) reported that executive vice president Simon Wheeler had restricted stock units vest and convert into common stock on August 22 and 25, 2026. In total, 2,173 RSUs were exercised into an equal number of common shares, and 1,085 shares were withheld by the issuer to satisfy income tax withholding and remittance obligations. Footnotes state these withholdings do not represent sales by the reporting person.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,088 shares
Net Buy
12 txns
Insider
WHEELER SIMON
Role
EVP, Trupanion International
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) F1, F6 | 322 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 322 | -- | -- |
| Tax Withholding | Common Stock F2 | 161 | $31.84 | $5K |
| Exercise | Restricted Stock Unit (RSU) F1, F3 | 528 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F4 | 385 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit (RSU) F1, F5 | 938 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 528 | -- | -- |
| Tax Withholding | Common Stock F2 | 263 | $31.76 | $8K |
| Exercise | Common Stock F1 | 385 | -- | -- |
| Tax Withholding | Common Stock F2 | 192 | $31.76 | $6K |
| Exercise | Common Stock F1 | 938 | -- | -- |
| Tax Withholding | Common Stock F2 | 469 | $31.76 | $15K |
Holdings After Transaction:
Restricted Stock Unit (RSU) — 10,276 shares (Direct);
Common Stock — 25,327 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 27, 2025, the reporting person was granted 4,219 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.
- F4. On February 20, 2026, the reporting person was granted 3,079 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.
- F5. On February 27, 2024, the reporting person was granted 15,000 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.
- F6. On August 14, 2023, the reporting person was granted 5,144 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
RSUs exercised: 2,173 shares
Shares withheld for taxes: 1,085 shares
Tax withholding price: $31.76 per share
+3 more
6 metrics
RSUs exercised
2,173 shares
Total derivative exercises (code M) reported for RSUs converting into common stock
Shares withheld for taxes
1,085 shares
Total shares withheld to satisfy income tax withholding and remittance obligations (code F)
Tax withholding price
$31.76 per share
Common stock withheld for taxes on August 22, 2026
Tax withholding price
$31.84 per share
Common stock withheld for taxes on August 25, 2026
Transactions with derivative code M
4 transactions
Exercise or conversion of derivative securities (RSUs) reported in the filing
Transactions with code F
4 transactions
Share withholdings for payment of income tax liability reported
Key Terms
Restricted stock units (RSUs), income tax withholding and remittance obligations, vest, convert into common stock
4 terms
Restricted stock units (RSUs) financial
"On February 27, 2025, the reporting person was granted 4,219 restricted stock units (RSUs)."
Restricted stock units (RSUs) are a type of company promise to give employees shares of stock in the future, usually after certain conditions like working for a set time. They are like a gift promised today that you receive later, which can become valuable if the company's stock price goes up. RSUs matter because they are a way companies reward employees and can be a significant part of compensation.
income tax withholding and remittance obligations financial
"shares of common stock that have been withheld by the issuer to satisfy its income tax withholding and remittance obligations"
vest financial
"The RSUs vest and convert into common stock of the Issuer as to 1/8th of the total shares"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
convert into common stock financial
"Restricted stock units convert into common stock on a one-for-one basis."
FAQ
What did TRUP executive Simon Wheeler report in this Form 4 for TRUP?
Simon Wheeler reported the vesting and conversion of 2,173 restricted stock units into common stock of TRUPANION, INC. on August 22 and 25, 2026, with some of the resulting shares withheld by the issuer to cover income tax withholding obligations.
How many TRUP restricted stock units vested and converted in this filing?
The filing shows that 2,173 RSUs were exercised or converted into an equal number of TRUP common shares. Each restricted stock unit converts into one share of common stock according to the footnotes.
What role does Simon Wheeler hold at TRUPANION, INC.?
Simon Wheeler is reported as an officer of TRUPANION, INC., holding the title EVP, Trupanion International, in the Form 4 reporting these RSU vesting and tax-withholding transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
