Schuster Todd 4

What Happened

• Todd Schuster, a director of TPG RE Finance Trust, Inc. (TRTX), was granted/acquired 138 shares on January 23, 2026. The reported per-share value is $8.79, for a total value of approximately $1,213. This transaction is recorded as an award/acquisition (not a market purchase or sale).

Key Details

• Transaction date: January 23, 2026; Filing date: January 27, 2026 (Form 4 accession 0001193125-26-024418).
• Shares and price: 138 shares at $8.79 per share; total value ≈ $1,213.
• Shares owned after transaction: Not disclosed in the filing.
• Footnote: These 138 shares represent common stock underlying deferred stock units (DSUs) issued to Mr. Schuster in lieu of cash dividends. The number of DSUs was calculated using the $0.24-per-share dividend and the closing stock price on the dividend record date (see footnote F1).
• Signing: Matthew Coleman signed on behalf of Mr. Schuster under a power of attorney dated July 15, 2020 (per the filing remarks).

Context

• This was a dividend-equivalent award (DSUs converted into shares), a routine non-market transaction that does not necessarily signal buy/sell intent. For retail investors, such awards are common for directors and reflect dividend reinvestment via deferred stock units rather than an outright open-market purchase.