Turning Point Brands Management

Management criteria checks 1/4

Turning Point Brands' CEO is Graham Purdy, appointed in Oct 2022, has a tenure of 1.58 years. total yearly compensation is $2.99M, comprised of 24.6% salary and 75.4% bonuses, including company stock and options. directly owns 0.93% of the company’s shares, worth €4.99M. The average tenure of the management team and the board of directors is 1.6 years and 11.3 years respectively.

Key information

Graham Purdy

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage	24.6%
CEO tenure	1.6yrs
CEO ownership	0.9%
Management average tenure	1.6yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Graham Purdy's remuneration changed compared to Turning Point Brands's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$43m
Dec 31 2023	US$3m	US$736k	US$38m
Sep 30 2023	n/a	n/a	US$12m
Jun 30 2023	n/a	n/a	US$13m
Mar 31 2023	n/a	n/a	US$8m
Dec 31 2022	US$1m	US$555k	US$12m
Sep 30 2022	n/a	n/a	US$39m
Jun 30 2022	n/a	n/a	US$41m
Mar 31 2022	n/a	n/a	US$51m
Dec 31 2021	US$1m	US$455k	US$52m
Sep 30 2021	n/a	n/a	US$55m
Jun 30 2021	n/a	n/a	US$51m
Mar 31 2021	n/a	n/a	US$45m
Dec 31 2020	US$1m	US$407k	US$38m

Compensation vs Market: Graham's total compensation ($USD2.99M) is above average for companies of similar size in the German market ($USD993.35K).

Compensation vs Earnings: Graham's compensation has increased by more than 20% in the past year.

CEO

Graham Purdy (51 yo)

1.6yrs

Tenure

US$2,994,622

Compensation

Mr. Graham A. Purdy serves as Chief Executive Officer, President and Director at Turning Point Brands, Inc. since October 16, 2022. He served as Chief Operating Officer at Turning Point Brands, Inc. since...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Glazek	Executive Chairman	11.5yrs	US$1.97m	0.35% $ 1.9m
Graham Purdy	CEO, President & Director	1.6yrs	US$2.99m	0.93% $ 5.0m
Brittani Cushman	Senior VP	3.6yrs	US$907.14k	0.074% $ 394.7k
Andrew Flynn	Senior VP & CFO	less than a year	no data	no data
Brian Wigginton	Chief Accounting Officer	no data	no data	0.020% $ 106.6k
John Charnovich	Chief Information Officer & Director	1.6yrs	no data	no data
Frank Vignone	Senior Vice President of Sales	2.8yrs	no data	no data
Alicia Carrasco	Chief People Officer	1.6yrs	no data	no data
Summer Frein	Chief Revenue Officer	1.3yrs	no data	0.085% $ 452.9k
Lorenzo De Plano	Chief Strategy Officer	less than a year	no data	0.17% $ 936.4k

1.6yrs

Average Tenure

46yo

Average Age

Experienced Management: 0T5's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
David Glazek	Executive Chairman	11.5yrs	US$1.97m	0.35% $ 1.9m
Graham Purdy	CEO, President & Director	1.6yrs	US$2.99m	0.93% $ 5.0m
John Charnovich	Chief Information Officer & Director	no data	no data	no data
Lawrence Wexler	Director	11.3yrs	US$1.25m	2.06% $ 11.1m
Gregory H. Baxter	Independent Director	18.1yrs	US$150.00k	0.21% $ 1.1m
H. C. Diao	Independent Director	11.5yrs	US$150.00k	0.041% $ 218.4k
Stephen Usher	Independent Director	3.2yrs	US$150.01k	0.0072% $ 38.6k
Arnold Zimmerman	Director Emeritus	no data	US$150.02k	0.35% $ 1.9m
Ashley Frushone	Lead Independent Director	5.7yrs	US$155.24k	0.013% $ 69.4k
Rohith Reddy	Independent Director	less than a year	no data	no data

4.4yrs

Average Tenure

59yo

Average Age

Experienced Board: 0T5's board of directors are seasoned and experienced ( 11.3 years average tenure).

Turning Point Brands Management

Management criteria checks 1/4

Key information

Recent management updates

Turning Point Brands, Inc., Annual General Meeting, May 01, 2024

Turning Point Brands, Inc. Announces Chief Financial Officer Changes

Kaival Brands Innovations Group, Inc. Appoints James W. Dobbins as Senior Vice President, General Counsel

Executive Chairman recently bought €96k worth of stock

Less than half of directors are independent

Turning Point Brands, Inc. Elects Rohith Reddy as Director

Recent updates

First quarter 2024 earnings released: EPS: US$0.68 (vs US$0.43 in 1Q 2023)

Turning Point Brands, Inc. Declares Regular Quarterly Common Stock Dividend, Payable on July 5, 2024

Turning Point Brands, Inc., Annual General Meeting, May 01, 2024

Upcoming dividend of US$0.07 per share

Turning Point Brands, Inc. Announces Chief Financial Officer Changes

Investor sentiment improves as stock rises 16%

Fourth quarter dividend of US$0.07 announced

Full year 2023 earnings released: EPS: US$2.19 (vs US$0.65 in FY 2022)

Kaival Brands Innovations Group, Inc. Appoints James W. Dobbins as Senior Vice President, General Counsel

Upcoming dividend of US$0.065 per share at 1.1% yield

Third quarter 2023 earnings released: EPS: US$0.62 (vs US$0.65 in 3Q 2022)

Turning Point Brands, Inc. Declares Regular Quarterly Dividend, Payable on January 5, 2024

Upcoming dividend of US$0.065 per share at 1.1% yield

Second quarter 2023 earnings released: EPS: US$0.56 (vs US$0.30 in 2Q 2022)

Turning Point Brands, Inc. Declares Common Stock Dividend, Payable on October 6, 2023

Turning Point Brands, Inc.(NYSE:TPB) dropped from Russell 2000 Growth-Defensive Index

Upcoming dividend of US$0.065 per share at 1.1% yield

Executive Chairman recently bought €96k worth of stock

Less than half of directors are independent

Turning Point Brands, Inc. Elects Rohith Reddy as Director

Turning Point Brands Declares Quarterly Common Stock Dividend, Payable on July 7, 2023

First quarter 2023 earnings released: EPS: US$0.43 (vs US$0.60 in 1Q 2022)

Upcoming dividend of US$0.065 per share at 1.2% yield

Full year 2022 earnings released: EPS: US$0.65 (vs US$2.75 in FY 2021)

Upcoming dividend of US$0.06 per share

Turning Point Brands, Inc. Declares Regular Quarterly Dividend, Payable on January 6, 2023

Third quarter 2022 earnings released: EPS: US$0.65 (vs US$0.71 in 3Q 2021)

Turning Point Brands, Inc. Announces Transition of David Glazek from Non-Executive to Executive Board Chairman, Effective January 2023

Turning Point Brands Announces Executive Changes

Upcoming dividend of US$0.06 per share

Turning Point Brands, Inc. Declares Quarterly Dividend, Payable on October 7, 2022

Second quarter 2022 earnings released: EPS: US$0.30 (vs US$0.81 in 2Q 2021)

Upcoming dividend of US$0.06 per share

Independent Director recently sold €780k worth of stock

Turning Point Brands Declares Common Stock Dividend, Payable on July 8, 2022

First quarter 2022 earnings released: EPS: US$0.60 (vs US$0.62 in 1Q 2021)

Turning Point Brands, Inc. Appoints Summer Frein as Chief Marketing Officer

President recently bought €244k worth of stock

Upcoming dividend of US$0.06 per share

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Turning Point Brands Increases Common Stock Dividend, Payable on April 8, 2022

Upcoming dividend of US$0.055 per share

Zig-Zag and Turning Point Brands, Inc. Launches of Zig-Zag Studio

Investor sentiment deteriorated over the past week

High number of new directors

Third quarter 2021 earnings released: EPS US$0.71 (vs US$0.47 in 3Q 2020)

U.S. Food and Drug Administration Issues a Marketing Denial Order in Response to a Premarket Tobacco Product Application Covering Certain of the Turning Point Brands, Inc.'s Vapor Products

Upcoming dividend of US$0.055 per share

High number of new directors

Second quarter 2021 earnings released: EPS US$0.81 (vs US$0.53 in 2Q 2020)

Investor sentiment improved over the past week

Upcoming dividend of US$0.055 per share

Turning Point Brands, Inc. Declares Quarterly Dividend, Payable on July 9, 2021

Senior VP & CFO has left the company

First quarter 2021 earnings released: EPS US$0.62 (vs US$0.17 in 1Q 2020)

Turning Point Brands, Inc. Revises Financial Guidance for the Year 2021

Independent Director has left the company

Upcoming Dividend of US$0.055 Per Share

Independent Director recently sold €214k worth of stock

Turning Point Brands, Inc. has completed a Follow-on Equity Offering in the amount of $112 million.

Full year 2020 earnings released: EPS US$1.70 (vs US$0.70 in FY 2019)

Revenue beats expectations

New 90-day high: €42.60

New 90-day high: €39.00

New 90-day high: €35.00

New 90-day high: €33.80

Third quarter earnings released

Third-quarter earnings released: Revenue beats expectations

Third-quarter earnings released: Revenue beats expectations