Key facts
- This page summarizes Bradford Berenson's Form 4 filing for TPG Inc. (TPG).
- 4 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 03 Apr 2024, 16:32.
Bradford Berenson - 22 Mar 2024 Form 4 Insider Report for TPG Inc. (TPG)
- Reporting relationship
- General Counsel
- Issuer ticker
- TPG
- Reported as of
- 22 Mar 2024
- Net transaction value
- -$480,526
- SEC form
- 4
- Accepted by SEC
- 03 Apr 2024, 16:32:03 UTC
- Prior SEC filing
- 29 Feb 2024
- Next SEC filing
- 12 Apr 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Bradford Berenson
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Bradford Berenson filed Form 4 for TPG Inc. (TPG) on 03 Apr 2024.
Change
- Previous filing in this sequence was filed on 29 Feb 2024.
- Current net transaction value: -$480,526.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
TPG
transaction
Class A Common Stock
Options Exercise
- Transaction value
- Shares
- +84,745
- Change %
- +43%
- Price
- Shares after
- 280,997
- Date
- 22 Mar 2024
- Ownership
- Direct
- Footnotes
- F1
TPG
transaction
Class A Common Stock
Tax liability
- Transaction value
- $480,526
- Shares
- -10,738
- Change %
- -3.8%
- Price
- $44.75
- Shares after
- 270,259
- Date
- 01 Apr 2024
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TPG
transaction
Derivative
Performance Stock Units
Options Exercise
- Transaction value
- $0
- Shares
- -84,745
- Change %
- -50%
- Price
- $0.000000
- Shares after
- 84,746
- Date
- 22 Mar 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 84,745
- Exercise price
- Footnotes
- F1
TPG
transaction
Derivative
TPG Partner Holdings, L.P. Units
Award
- Transaction value
- $0
- Shares
- +693
- Change %
- +0.05%
- Price
- $0.000000
- Shares after
- 1,435,211
- Date
- 01 Apr 2024
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 693
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 4 footnotes
Footnote 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 March 22, 2024, 84,745 PSUs performance vested upon the achievement of the 1.5x measure.
Footnote F2
On April 1, 2024, the Issuer withheld 10,738 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.
Footnote F3
On April 1, 2024, 693 additional units ("TPH Units") of TPG Partner Holdings, L.P. ("Partner Holdings") were allocated automatically to the Reporting Person in accordance with Partner Holdings' limited partnership agreement upon their forfeiture by a former partner of Partner Holdings.
Footnote F4
Pursuant to the Amended and Restated Exchange Agreement filed by the Issuer with the Securities and Exchange Commission on November 2, 2023, TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions (the "exchange consideration"). Upon an exchange of TPH Units, an equal number of Common Units of TPG Operating Group II, L.P. held by TPG Group Holdings (SBS), L.P. ("Group Holdings"), of which Partner Holdings is an indirect limited partner, are exchanged on a one-for-one basis for the exchange consideration, and an equal number of shares of Class B common stock of the Issuer also held by Group Holdings will be automatically cancelled for no additional consideration. Each share of Class B common stock entitles the holder to ten votes per share but carries no economic rights.