Berenson Bradford 4
4 · TPG Inc. · Filed Oct 24, 2024
Insider Transaction Report
Form 4
TPG Inc.TPG
Berenson Bradford
General Counsel
Transactions
- Exercise/Conversion
Class A Common Stock
2024-10-22+84,746→ 355,005 total - Exercise/Conversion
Performance
2024-10-22−84,746→ 0 total→ Class A Common Stock (84,746 underlying) - Tax Payment
Class A Common Stock
2024-10-23$66.68/sh−10,745$716,477→ 344,260 total
Footnotes (2)
- [F1]Represents performance stock units ("PSUs") granted to the Reporting Person on January 13, 2022, at the time of the initial public offering of TPG Inc. (the "Issuer"). Each PSU represents a contingent right to receive one share of Class A common stock ("Class A common stock") of the Issuer when both the service and performance conditions are satisfied. 25% of the PSUs service-vested on January 13, 2024, and 25% of the PSUs will service-vest on each of January 13, 2025, 2026 and 2027. 50% of the PSUs performance-vest on each of the first day following the date on which the 30-day volume weighted average trading price of a share of Class A common stock equals or exceeds $44.25 (the "1.5x measure") and (y) $59.00 (the "2.0x measure"). On October 22, 2024, 84,746 PSUs performance vested upon the achievement of the 2.0x measure.
- [F2]On October 23, 2024, the Issuer withheld 10,745 shares of Class A common stock from the Reporting Person for payment of the tax liability incident to the settlement of vested PSUs previously granted by the Issuer.