4//SEC Filing
Berenson Bradford 4
Accession 0000947871-24-000042
CIK 0001880661other
Filed
Jan 16, 7:00 PM ET
Accepted
Jan 17, 4:43 PM ET
Size
10.5 KB
Accession
0000947871-24-000042
Insider Transaction Report
Form 4
TPG Inc.TPG
Berenson Bradford
General Counsel
Transactions
- Award
Class A Common Stock
2024-01-13+27,371→ 196,252 total - Award
TPG Partners Holdings, L.P. Units
2024-01-15+6,135→ 1,525,413 total→ Class A Common Stock (6,135 underlying) - Tax Payment
Class A Common Stock
2024-01-13$39.52/sh−20,767$820,712→ 168,881 total
Footnotes (4)
- [F1]On January 13, 2024, TPG Inc. (the "Issuer") withheld 20,767 shares of Class A common stock ("Class A common stock") of the Issuer from the Reporting Person for payment of the tax liability incident to the vesting of restricted stock units ("RSUs") previously granted by the Issuer.
- [F2]Represents RSUs. Each RSU represents a contingent right to receive one share of Class A common stock. 14,930 of the RSUs will vest in three equal installments on each of the first, second and third anniversaries of the date of grant. 12,441 of the RSUs will vest in four equal installments on each of the first, second, third and fourth anniversaries of the date of grant.
- [F3]On January 15, 2024, 6,135 additional units ("TPH Units") of TPG Partner Holdings, L.P. ("Partner Holdings") were allocated automatically to the Reporting Person in accordance with Partner Holdings' limited partnership agreement upon their forfeiture by a former partner of Partner Holdings.
- [F4]Pursuant to the Amended and Restated Exchange Agreement filed by the Issuer with the Securities and Exchange Commission (the "Commission") on November 2, 2023, TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions (the "exchange consideration"). Upon an exchange of TPH Units, an equal number of Common Units of TPG Operating Group II, L.P. held by TPG Group Holdings (SBS), L.P. ("Group Holdings"), of which Partner Holdings is an indirect limited partner, are exchanged on a one-for-one basis for the exchange consideration, and an equal number of shares of Class B common stock of the Issuer also held by Group Holdings will be automatically cancelled for no additional consideration. Each share of Class B common stock entitles the holder to ten votes per share but carries no economic rights.
Documents
Issuer
TPG Inc.
CIK 0001880661
Entity typeother
Related Parties
1- filerCIK 0001903743
Filing Metadata
- Form type
- 4
- Filed
- Jan 16, 7:00 PM ET
- Accepted
- Jan 17, 4:43 PM ET
- Size
- 10.5 KB