4//SEC Filing
Sisitsky Todd Benjamin 4
Accession 0000947871-24-000818
CIK 0001880661other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 6:21 PM ET
Size
11.4 KB
Accession
0000947871-24-000818
Insider Transaction Report
Form 4
TPG Inc.TPG
Sisitsky Todd Benjamin
DirectorPresident
Transactions
- Exercise/Conversion
Performance Stock Units
2024-10-22−169,492→ 0 total→ Class A Common Stock (169,492 underlying) - Exercise/Conversion
Class A Common Stock
2024-10-22+169,492→ 714,490 total - Tax Payment
Class A Common Stock
2024-10-23$66.68/sh−21,509$1,434,220→ 692,981 total
Holdings
- 512,766(indirect: By Trust)
Class A Common Stock
Footnotes (4)
- [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, 169,492 PSUs performance vested upon the achievement of the 2.0x measure.
- [F2]On October 23, 2024, the Issuer withheld 21,509 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.
- [F3]Because of the relationship between the Reporting Person and the entities holding these securities, the Reporting Person may be deemed to beneficially own these securities to the extent of the greater of the Reporting Person's direct or indirect pecuniary interest in the profits, capital accounts or distributions of the holder. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of the Reporting Person's pecuniary interest therein, if any.
- [F4]Pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"), this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any equity securities in excess of the Reporting Person's pecuniary interest.
Documents
Issuer
TPG Inc.
CIK 0001880661
Entity typeother
Related Parties
1- filerCIK 0001407884
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 6:21 PM ET
- Size
- 11.4 KB