4//SEC Filing
McKinney Scott T. 4
Accession 0001393726-24-000092
CIK 0001393726other
Filed
Oct 20, 8:00 PM ET
Accepted
Oct 21, 4:04 PM ET
Size
11.6 KB
Accession
0001393726-24-000092
Insider Transaction Report
Form 4
TIPTREE INC.TIPT
McKinney Scott T.
Chief Financial Officer
Transactions
- Tax Payment
Common Stock
2024-10-18$20.95/sh−23,008$482,018→ 82,186 total - Exercise/Conversion
Performance Restricted Stock Units 2021
2024-10-18−50,000→ 300,000 total→ Common Stock (50,000 underlying) - Exercise/Conversion
Common Stock
2024-10-18+50,000→ 105,194 total
Holdings
- 168(indirect: By 401(k))
Common Stock
- 137,500
Performance Restricted Stock Units 2024
→ Common Stock (137,500 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 October 14, 2022. 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 August 4, 2031, 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 0001959663
Filing Metadata
- Form type
- 4
- Filed
- Oct 20, 8:00 PM ET
- Accepted
- Oct 21, 4:04 PM ET
- Size
- 11.6 KB