0000950170-24-020492.txt : 20240226
0000950170-24-020492.hdr.sgml : 20240226
20240226200021
ACCESSION NUMBER: 0000950170-24-020492
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240224
FILED AS OF DATE: 20240226
DATE AS OF CHANGE: 20240226
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: LORBER HOWARD M
CENTRAL INDEX KEY: 0001053471
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-05759
FILM NUMBER: 24681375
MAIL ADDRESS:
STREET 1: 4400 BISCAYNE BLVD
STREET 2: 10TH FLOOR
CITY: MIAMI
STATE: FL
ZIP: 33137
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VECTOR GROUP LTD
CENTRAL INDEX KEY: 0000059440
STANDARD INDUSTRIAL CLASSIFICATION: CIGARETTES [2111]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 650949535
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 4400 BISCAYNE BOULEVARD
STREET 2: 10TH FLOOR
CITY: MIAMI
STATE: FL
ZIP: 33137
BUSINESS PHONE: 3055798000
MAIL ADDRESS:
STREET 1: 4400 BISCAYNE BOULEVARD
STREET 2: 10TH FLOOR
CITY: MIAMI
STATE: FL
ZIP: 33137
FORMER COMPANY:
FORMER CONFORMED NAME: BROOKE GROUP LTD
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: LIGGETT GROUP INC
DATE OF NAME CHANGE: 19900815
FORMER COMPANY:
FORMER CONFORMED NAME: LIGGETT & MYERS INC
DATE OF NAME CHANGE: 19760602
4
1
ownership.xml
4
X0508
4
2024-02-24
0000059440
VECTOR GROUP LTD
VGR
0001053471
LORBER HOWARD M
C/O VECTOR GROUP LTD.
4400 BISCAYNE BLVD; 10TH FLOOR
MIAMI
FL
33137
true
true
false
false
President and CEO
false
Common Stock
2024-02-24
4
A
false
212500
0.00
A
3064678
D
Common Stock
2024-02-24
4
F
false
174696
11.2025
D
2889982
D
Common Stock
2629035
I
By: Lorber Alpha II Limited Partnership
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).
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.
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.
Exhibit 24 - Power of Attorney (previously filed as Exhibit 24 to Form 4 dated November 12, 2014.)
/s/ J. Bryant Kirkland III, Attorney-In-Fact
2024-02-26