HOWARD M. LORBER - 01 Jul 2021 Form 4 Insider Report for VECTOR GROUP LTD (VGR)

Signature
/s/ J. Bryant Kirkland III, Attorney-In-Fact
Issuer symbol
VGR
Transactions as of
01 Jul 2021
Transactions value $
-$2,768,233
Form type
4
Filing time
02 Jul 2021, 21:00:12 UTC
Previous filing
28 May 2021
Next filing
21 Dec 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGR Common Stock Award $0 +400K +26.35% $0.00 1.92M 01 Jul 2021 Direct F1
transaction VGR Common Stock Tax liability -$2.77M -195K -10.16% $14.22 1.72M 01 Jul 2021 Direct F2
holding VGR Common Stock 2.63M 01 Jul 2021 By: Lorber Alpha II Limited Partnership F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person received restricted stock grants on July 23, 2014 (the "2014 Award") and November 10, 2015 (the "2015 Award"). The grants vest equally in seven equal installments with the 2014 Award vesting in installments of 191,442 shares on August 15, 2015, July 1, 2016, July 1, 2017, July 1, 2018, July 1, 2019, July 1, 2020 and July 1, 2021 and the 2015 Award vesting in installments of 208,373 shares on November 15, 2016, July 1, 2017, July 1, 2018, July 1, 2019, July 1, 2020, July 1, 2021 and July 1, 2022, in each case, based upon the Issuer achieving certain performance targets and the Reporting Person being continuously employed by Vector Group Ltd. This amount includes the seventh vesting of the 2014 Award and the sixth vesting of the 2015 Award.
F2 Represents the average of the low ($14.095) and high ($14.34) stock prices of the Issuer's Common Stock on July 1, 2021, 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 the Lorber Alpha II LLC and has voting and dispositive power with respect to such shares.

Remarks:

Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated November 12, 2014.)