4//SEC Filing
LORBER HOWARD M 4
Accession 0000950170-24-020492
CIK 0000059440other
Filed
Feb 25, 7:00 PM ET
Accepted
Feb 26, 8:00 PM ET
Size
8.8 KB
Accession
0000950170-24-020492
Insider Transaction Report
Form 4
LORBER HOWARD M
DirectorPresident and CEO
Transactions
- Award
Common Stock
2024-02-24+212,500→ 3,064,678 total - Tax Payment
Common Stock
2024-02-24$11.20/sh−174,696$1,957,032→ 2,889,982 total
Holdings
- 2,629,035(indirect: By Partnership)
Common Stock
Footnotes (3)
- [F1]The Reporting Person received performance-based restricted stock grants of 250,000, 300,000 and 300,000 shares, respectively, on February 24, 2021, March 1, 2022 and February 15, 2023. Each performance-based restricted stock grant vested, or will vest, in four installments on February 24 of each of the four calendar years subsequent to the grant date, based upon the Issuer achieving certain performance targets and the Reporting Person being continuously employed by Vector Group Ltd. The amount reported represents the third vesting of the 2021 award (62,500 shares), the second vesting of the 2022 award (75,000 shares) and the first vesting of the 2023 award (75,000 shares).
- [F2]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.
- [F3]Lorber Alpha II LLC, a Delaware limited liability company, is the general partner of Lorber Alpha II Limited Partnership, a Nevada limited partnership. The Reporting Person serves as the Managing Member of Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.
Documents
Issuer
VECTOR GROUP LTD
CIK 0000059440
Entity typeother
Related Parties
1- filerCIK 0001053471
Filing Metadata
- Form type
- 4
- Filed
- Feb 25, 7:00 PM ET
- Accepted
- Feb 26, 8:00 PM ET
- Size
- 8.8 KB