Form 4: TPG Inc. CEO Jon Winkelried Reports Acquisition of TPG Partner Holdings Units
SEC Form 4 Filing
CEO Jon Winkelried reports acquiring additional TPG Partner Holdings units, which are exchangeable for Class A common stock, through allocation from a former partner's forfeiture.
Summary
- On April 1, 2024, Jon Winkelried, CEO of TPG Inc., acquired additional units of TPG Partner Holdings, L.P. due to a forfeiture by a former partner.
- These units are exchangeable for Class A common stock of TPG Inc. on a one-for-one basis.
- Winkelried directly acquired 5,747 units and indirectly acquired 1,795 units through a personal investment vehicle and 897 units through a family trust.
- Following these transactions, Winkelried directly owns 11,313,625 units and indirectly owns 3,951,003 units through a personal investment vehicle and 1,974,289 units through a family trust.
- The reporting person disclaims beneficial ownership of these securities except to the extent of their pecuniary interest.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing changes in beneficial ownership, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the potential future conversion of TPG Partner Holdings units into Class A common stock.
Key Dates
| Date | Description |
|---|---|
| 2021-12-29 | Date of power of attorney granted to Bradford Berenson. |
| 2023-11-02 | Date of Amended and Restated Exchange Agreement filed with the SEC. |
| 2024-04-01 | Date of transaction: Acquisition of TPG Partner Holdings, L.P. Units. |
| 2024-04-03 | Date of signature on the Form 4 filing. |
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