Form 4: TPG Inc. CFO Jack Weingart Receives Additional Partnership Units
SEC Form 4 Filing
TPG Inc.'s Chief Financial Officer, Jack Weingart, acquired 10,738 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.
Summary
- On April 10, 2024, Jack Weingart, CFO of TPG Inc., received 10,738 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, according to the partnership agreement.
- 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 disclaims beneficial ownership of these securities beyond his pecuniary interest.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies like TPG Inc.
Key Dates
| Date | Description |
|---|---|
| 12/29/2021 | Date of power of attorney granted to Bradford Berenson. |
| 11/02/2023 | Date of Amended and Restated Exchange Agreement filed with the SEC. |
| 04/10/2024 | Date of transaction: Weingart receives 10,738 TPH Units. |
| 04/12/2024 | Date of signature on the Form 4 filing. |
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