TRUP Form 4: Simon Wheeler RSU Vesting, Tax Withholding at $46.63
Rhea-AI Filing Summary
Simon Wheeler, Executive Vice President, Trupanion International, reported transactions on 08/22/2025 relating to the vesting of restricted stock units (RSUs) granted in 2024 and 2025. Several RSU vesting events converted units into common stock, resulting in multiple acquisitions of shares (totaling 2,991 shares acquired on that date across three vesting tranches) and contemporaneous withholding by the issuer to satisfy tax obligations (total withheld: 1,404 shares disposed at $46.63 per share). After these transactions, the reporting person beneficially owned between 17,278 and 18,804 shares across the reported lines depending on the line item. The filing notes the RSUs convert one-for-one to common stock and describes original grant schedules and vesting mechanics.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine RSU vesting and tax withholding; increases vested stake but not a sale by the insider.
The Form 4 documents scheduled vesting of previously granted RSUs and issuer withholding to cover taxes. These are service-based, time-vesting awards from 2024 and 2025 grants converting one-for-one to common shares. The transactions reported as acquisitions (codes M) reflect conversion of RSUs into common stock; the reported dispositions (code F) are share withholdings by the issuer at $46.63 per share to satisfy tax obligations, not open-market sales by the reporting person. This is a routine compensation event with limited informational content about company performance.
TL;DR: Compliance filing appears complete and consistent with Rule 16 reporting for RSU vesting and tax withholding.
The filing lists transaction codes, amounts, and resulting beneficial ownership and includes explanatory notes describing grant dates, vesting schedules, and the issuer's withholding for taxes. Signature is provided via attorney-in-fact. The entries differentiate acquisitions from issuer withholding, aligning with disclosure norms. No indications of open-market sales or unusual related-party transactions are present.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit (RSU) | 938 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 1,526 | $0.00 | -- |
| Exercise | Restricted Stock Unit (RSU) | 527 | $0.00 | -- |
| Exercise | Common Stock | 938 | $0.00 | -- |
| Tax Withholding | Common Stock | 440 | $46.63 | $21K |
| Exercise | Common Stock | 1,526 | $0.00 | -- |
| Tax Withholding | Common Stock | 717 | $46.63 | $33K |
| Exercise | Common Stock | 527 | $0.00 | -- |
| Tax Withholding | Common Stock | 247 | $46.63 | $12K |
Footnotes (1)
- Restricted stock units convert into common stock on a one-for-one basis. 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. 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. On February 27, 2024, the reporting person was granted 12,203 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. 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.
