TPG (TPG) CFO Andre Axel Receives Equity Award

What Happened

• Andre Axel, Chief Financial Officer of TPG Inc., received equity awards reported on Aug 19, 2026 for grants dated Aug 17, 2026: 164,908 restricted stock units (RSUs) and 164,908 performance stock units (PSUs). The RSUs are reported as awards (contingent right to receive shares). The PSUs are reported as derivative awards and were reported with a $0 value at grant (common for performance-contingent awards).

Key Details

• Transaction date: August 17, 2026; Form 4 filed August 19, 2026 (appears timely).
• RSUs: 164,908 units. Vesting: five equal annual installments on each anniversary of Oct 13, 2026 (F1).
• PSUs: 164,908 units (performance-contingent). Service-vesting: four equal installments on the 2nd–5th anniversaries of Oct 13, 2026. Performance vesting: 1/3 of PSUs vest when the 30-day VWAP reaches 1.25x, 1.5x, and 1.75x the grant-date closing price; payout windows/forfeiture deadlines apply (F2).
  • PSUs related to 1.25x and 1.5x must vest before July 27, 2030; the 1.75x tranche must vest before July 27, 2032.
• Price/consideration: RSUs reported as N/A; PSUs reported at $0.00 (derivative award). No cash exchanged at grant.
• Shares owned after transaction: not disclosed in this filing.
• Signing: Jennifer Chu signed on behalf of Mr. Axel under a power of attorney dated July 29, 2026.

Context

• These grants are compensation awards, not open-market purchases or sales; they are long-term retention and performance incentives rather than immediate stock trades. PSUs only convert to shares if both service and specified stock-price performance conditions are met, so their eventual value depends on future performance.