4//SEC Filing
Davidson Martin 4
Accession 0000947871-24-000047
CIK 0001880661other
Filed
Jan 16, 7:00 PM ET
Accepted
Jan 17, 5:02 PM ET
Size
10.8 KB
Accession
0000947871-24-000047
Insider Transaction Report
Form 4
TPG Inc.TPG
Davidson Martin
Chief Accounting Officer
Transactions
- Tax Payment
Class A Common Stock
2024-01-13$39.52/sh−1,435$56,711→ 13,884 total - Award
Class A Common Stock
2024-01-13+17,107→ 30,991 total - Award
TPG Partners Holdings, L.P. Units
2024-01-15+2,654→ 659,830 total→ Class A Common Stock (2,654 underlying)
Footnotes (4)
- [F1]On January 13, 2024, TPG Inc. (the "Issuer") withheld 1,435 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. 10,886 of the RSUs will vest in three equal installments on each of the first, second and third anniversaries of the date of grant. 6,221 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, 2,654 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 0001704120
Filing Metadata
- Form type
- 4
- Filed
- Jan 16, 7:00 PM ET
- Accepted
- Jan 17, 5:02 PM ET
- Size
- 10.8 KB