Form 4: TPG Inc. CFO Jack Weingart Receives Additional Partnership Units

TPG Inc.'s CFO, Jack Weingart, acquired 6,368 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.

Summary

• On October 31, 2024, Jack Weingart, CFO of TPG Inc., received 6,368 additional units of TPG Partner Holdings, L.P. (TPH Units).
• These units were allocated automatically due to forfeiture by a former partner of Partner Holdings.
• TPH Units are exchangeable for cash or Class A common stock of TPG Inc. on a one-for-one basis, subject to adjustments and restrictions.
• Upon exchange, an equal number of Common Units of TPG Operating Group II, L.P. held by TPG Group Holdings (SBS), L.P. are also exchanged, and an equal number of Class B common stock shares are cancelled.
• Weingart also indirectly owns 4,040,278 shares through family trusts, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.

Future Outlook

The TPH Units are ultimately exchangeable for cash or, at the Issuer's election, shares of Class A common stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments and transfer restrictions.

Industry Context

This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It provides transparency into the holdings of key executives and directors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is related to internal partnership unit allocation.

Key Dates