LOWENTHAL ALBERT G 4

What Happened

Albert G. Lowenthal, reported as a 10% owner of Oppenheimer Holdings Inc. (OPY), had a restricted share award settle on January 28, 2026. The filing shows 110,000 restricted Class A non‑voting shares from an award granted on January 28, 2021 vested/settled: 55,725 Class A shares were converted/issued to Lowenthal (recorded as an acquisition) and 54,275 shares were forfeited or withheld (the filing records a disposition of 110,000 derivative shares). No dollar price or market sale was reported (price = N/A). This was a settlement/vesting event, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-01-28; Form 4 filed: 2026-01-29 (appears timely).
• Reported entries: acquisition of 55,725 shares (code J) and disposition of 110,000 derivative shares (code J).
• Price: N/A (no per‑share dollar amount reported).
• Footnote: award was originally granted on 2021-01-28; of the 110,000 restricted shares, 55,725 converted to Class A shares and 54,275 were forfeited.
• Shares owned after the transaction: not specified in the provided filing details.
• Insider status: Lowenthal is a 10% owner—this is ownership reporting rather than an executive open‑market trade.

Context

• The filings reflect vesting/settlement of restricted stock (a derivative event), not a market buy or sale — such transactions often represent compensation vesting or plan settlement.
• Forfeited/withheld shares are commonly used to cover taxes or reflect forfeiture provisions; the filing does not assign market value, so no direct dollar amount can be calculated from this report.
• As a 10% owner, this report documents ownership changes required by SEC rules rather than signaling typical executive trading behavior.