4//SEC Filing
Maultsby Randy 4
Accession 0001393726-24-000088
CIK 0001393726other
Filed
Oct 10, 8:00 PM ET
Accepted
Oct 11, 4:03 PM ET
Size
11.0 KB
Accession
0001393726-24-000088
Insider Transaction Report
Form 4
TIPTREE INC.TIPT
Maultsby Randy
DirectorPresident
Transactions
- Exercise/Conversion
Common Stock
2024-10-09+66,667→ 78,137 total - Tax Payment
Common Stock
2024-10-09$19.11/sh−30,893$590,365→ 47,244 total - Exercise/Conversion
Performance Restricted Stock Units 2021
2024-10-09−66,667→ 400,000 total→ Common Stock (66,667 underlying)
Holdings
- 183,333
Performance Restricted Stock Units 2024
→ Common Stock (183,333 underlying)
Footnotes (4)
- [F1]The acquisition of the common stock resulted from the vesting of an equal number of performance restricted stock units ("PRSUs") upon achieving the $20 Tiptree Inc. ("Tiptree") share price target milestone (adjusted for dividends paid).
- [F2]Shares withheld to satisfy the Reporting Person's withholding tax liability upon vesting of the 2021 PRSUs.
- [F3]These PRSUs were granted to the Reporting Person on August 4, 2021. The PRSUs will vest upon Tiptree achieving each of three Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $30 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. Each PRSU represents a contingent right to receive one share of Tiptree common stock. Any unvested PRSUs shall expire on August 4, 2031.
- [F4]These PRSUs were granted to the Reporting Person on January 1, 2024. Each PRSU represents a contingent right to receive one share of Tiptree common stock. The PRSUs will vest upon Tiptree achieving a share price target milestone based on the average of the thirty (30) trading day closing stock price of $70 (adjusted for dividends paid) prior to the 10th anniversary of the grant date, subject to the Reporting Person's continued employment with Tiptree. Any unvested PRSUs shall expire on January 1, 2034.
Documents
Issuer
TIPTREE INC.
CIK 0001393726
Entity typeother
Related Parties
1- filerCIK 0001855788
Filing Metadata
- Form type
- 4
- Filed
- Oct 10, 8:00 PM ET
- Accepted
- Oct 11, 4:03 PM ET
- Size
- 11.0 KB