Form 4 for TPG TPG Inc.
Accepted 2023-12-04 00:00:00 ET · period of report 2023-11-30 · accession 0000947871-23-001125 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-12-04 | 2023-11-30 | TPG | WINKELRIED JON | CEO, Dir, 10% | A - Grant | — | +2.59M | 3.23M | +409% | — |
| D | 2023-12-04 | 2023-11-30 | TPG | WINKELRIED JON | CEO, Dir, 10% | A - Grant | $0.00 | +3.89M | 3.89M | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2023-11-30 | A | A | 2,594,755 | — | 3,228,495 | D | — | — | (F1) Represents an award of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Class A common stock ("Class A common stock") of TPG Inc. 25% of the RSUs will vest on each of January 13, 2025, 2026, 2027 and 2028, subject to the Reporting Person's continuous service through the vesting date. |
| 2 | Derivative | Class A Common Stock | 2023-11-30 | A | A | 3,892,133 | $0.00 | 3,892,133 | D | — · — to — | 3,892,133 Class A Common Stock | (F2) Represents an award of performance stock units ("PRSUs"). Each PRSU represents a contingent right to receive one share of Class A common stock when both service and performance conditions are satisfied. 20% of the PRSUs service-vest on each January 13, 2025, 2026, 2027, 2028 and 2029, subject to the Reporting Person's continuous service through the vesting date. 25% of each service-vesting tranche of the PRSUs are eligible to be earned and performance vest following achievement of each of the following Class A common stock prices: $52.50 (the "1.5x PRSUs"), $58.45, $64.05, $70.00 (each, a "Market Price Performance Hurdle"), which represent a premium of 150%, 167%, 183% and 200% of the closing price of a share of Class A common stock on the date of grant. The Market Price Performance Hurdle for the 1.5x PRSUs must be achieved by January 13, 2029 to performance vest, and the Market Price Performance Hurdle for the other PRSUs must be achieved by January 13, 2030 to performance vest. |