Maultsby Randy 4
4 · TIPTREE INC. · Filed Aug 5, 2021
Insider Transaction Report
Form 4
TIPTREE INC.TIPT
Maultsby Randy
DirectorPresident
Transactions
- Award
Performance Restricted Stock Units
2021-08-04+500,000→ 500,000 total→ Common Stock (500,000 underlying)
Holdings
- 64,257
Common Stock
Footnotes (1)
- [F1]Each performance restricted stock unit ("PRSU") represents a contingent right to receive one share of Tiptree Inc. ("Tiptree") common stock. The PRSUs will vest upon Tiptree achieving each of five Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $15 to $60 (adjusted for dividends paid) prior to the tenth anniversary of the date of grant, subject to the Reporting Person's continued employment with Tiptree. Any unvested PRSUs shall expire on August 4, 2031. See the Remarks below for the share price target milestones.