Vazquez-Ubarri Anilu 4
4 · TPG Inc. · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
TPG COO Anilu Vazquez-Ubarri Receives 9,110-Unit Award
What Happened
Anilu Vazquez-Ubarri, Chief Operating Officer of TPG Inc., was allocated 9,110 additional TPH units of TPG Partner Holdings, L.P. on February 11, 2026. The Form 4 reports the acquisition as an award/other acquisition (code A) at $0.00 (derivative), reflecting an automatic allocation after those units were forfeited by a former partner.
Key Details
- Transaction date: February 11, 2026; Form 4 filed February 13, 2026 (filed within the standard two-business-day window).
- Transaction type/code: Award/other acquisition (A) of 9,110 units; reported dollar price $0.00 because this was an allocated derivative award.
- Shares/units owned after transaction: Not specified in the filing.
- Footnote highlights:
- F1: Units were automatically allocated under Partner Holdings' limited partnership agreement following forfeiture by a former partner.
- F2: The TPH units are ultimately exchangeable one-for-one (subject to customary adjustments and restrictions) for cash or, at TPG’s election, Class A common shares under the Issuer’s exchange agreement; related common units and Class B shares held by affiliated entities are adjusted/cancelled upon exchange.
- Filing signature: Submitted by Jennifer Chu under a power of attorney for Ms. Vazquez-Ubarri.
Context
This is a derivative award/allocation rather than an open-market purchase or sale — no cash changed hands at grant. TPH units can be converted later into cash or Class A shares (or retained as partnership units), so the economic impact depends on any future exchange. Awards like this increase insider economic exposure but are not direct market purchases or dispositions.
Insider Transaction Report
- Award
TPG Partner Holdings, L.P. Units
[F2][F1]2026-02-11+9,110→ 1,607,781 total→ Class A Common Stock (9,110 underlying)
Footnotes (2)
- [F1]On February 11, 2026, 9,110 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.
- [F2]Pursuant to the Amended and Restated Exchange Agreement filed by TPG Inc. (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 of the Issuer 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.