LORBER HOWARD M sold VGR
February 24, 2024 · Form 4 insider transaction
LORBER HOWARD M sold 174,696 shares of Vector Group Ltd. at $11.20 per share, a transaction worth $1.96M. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
Represents withholdings of shares as payment of the reporting person's tax liabilities incident to the vesting of (a) the 212,500 shares of performance-based restricted stock referenced in footnote 1 and (b) 212,500 shares of restricted stock, which were awarded to reporting person on February 24, 2021 (62,500 shares), March 1, 2022 (75,000 shares) and February 15, 2023 (75,000 shares) and were previously reported at the time of the grant. The shares withheld were valued at $11.2025 per share, which represented the average of the low ($11.105) and high ($11.30) stock prices of the Issuer's Common Stock on February 23, 2024, the last trading day before the date of vesting.