Lowenthal Robert S 4

What Happened

• Robert S. Lowenthal, a director of Oppenheimer Holdings, had 75,000 Restricted Class A non‑voting common shares vest on January 28, 2026. Of those, 35,505 shares were converted to Class A non‑voting common stock (acquired) and 39,495 shares were forfeited (disposed). No per‑share price or dollar values were reported in the filing (price = N/A).

Key Details

• Transaction date: 2026-01-28 (Form 4 filed 2026-01-29).
• Transaction codes: "J" (other acquisition or disposition) used for both entries.
• Shares involved: 75,000 restricted shares vested; 35,505 converted to Class A shares; 39,495 forfeited.
• Price/value: Not reported (N/A) in the filing, so no dollar value is available.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnote: The shares were originally awarded on January 28, 2021; the filing notes conversion of 35,505 shares and forfeiture of 39,495 shares (see F1).
• Timeliness: Filing was submitted the next day (appears timely).

Context

• This transaction reflects vesting and conversion of previously awarded restricted stock rather than an open‑market purchase or sale. Vesting events are routine compensation/award matters and do not necessarily indicate a change in the insider’s market view. The filing shows no cash proceeds or market sale; the forfeiture likely reduced the net shares retained per the award terms (the filing does not specify the reason for forfeiture).