Anilu Vazquez-Ubarri - Oct 22, 2024 Form 4 Insider Report for TPG Inc. (TPG)

Role
Chief Operating Officer, Director
Signature
/s/ Bradford Berenson, as attorney-in-fact (3)
Stock symbol
TPG
Transactions as of
Oct 22, 2024
Transactions value $
-$719,010
Form type
4
Date filed
10/24/2024, 06:23 PM
Previous filing
Jun 11, 2024
Next filing
Nov 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TPG Class A Common Stock Options Exercise +84.7K +20.79% 492K Oct 22, 2024 Direct F1
transaction TPG Class A Common Stock Tax liability -$719K -10.8K -2.19% $66.68 482K Oct 23, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TPG Performance Stock Units Options Exercise $0 -84.7K -100% $0.00 0 Oct 22, 2024 Class A Common Stock 84.7K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance stock units ("PSUs") granted to the Reporting Person on January 13, 2022, at the time of the initial public offering of TPG Inc. (the "Issuer"). Each PSU represents a contingent right to receive one share of Class A common stock ("Class A common stock") of the Issuer when both the service and performance conditions are satisfied. 25% of the PSUs service-vested on January 13, 2024, and 25% of the PSUs will service-vest on each of January 13, 2025, 2026 and 2027. 50% of the PSUs performance-vest on each of the first day following the date on which the 30-day volume weighted average trading price of a share of Class A common stock equals or exceeds $44.25 (the "1.5x measure") and (y) $59.00 (the "2.0x measure"). On October 22, 2024, 84,746 PSUs performance vested upon the achievement of the 2.0x measure.
F2 On October 23, 2024, the Issuer withheld 10,783 shares of Class A common stock from the Reporting Person for payment of the tax liability incident to the settlement of vested PSUs previously granted by the Issuer.

Remarks:

3. Bradford Berenson is signing on behalf of Ms. Vazquez-Ubarri pursuant to the power of attorney dated December 30, 2021, which was previously filed with the Commission.