Form 4: TPG Inc. COO Receives Additional Partnership Units
SEC Form 4 Filing
Anilu Vazquez-Ubarri, Chief Operating Officer of TPG Inc., acquired 448 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.
Summary
- On February 14, 2025, Anilu Vazquez-Ubarri, the Chief Operating Officer of TPG Inc., received 448 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, in accordance with Partner Holdings' limited 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 transfer 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.
Sentiment
Score: 6
Explanation: The document is a routine regulatory filing detailing a standard transaction. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Future Outlook
The document does not contain specific forward-looking statements, but it references the exchangeability of TPH Units for cash or Class A common stock, which could impact future ownership structure.
Industry Context
This filing reflects the ongoing equity-based compensation and ownership adjustments common within publicly traded partnership structures like TPG Inc., where partnership units are often used to align the interests of key personnel with the firm's performance.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the transfer of existing partnership units rather than the issuance of new shares.
- The transaction could have a positive impact on the COO as it increases their ownership in the company.
Key Dates
| Date | Description |
|---|---|
| 12/30/2021 | Date of power of attorney granted to Bradford Berenson. |
| 11/02/2023 | Date of Amended and Restated Exchange Agreement filed with the SEC. |
| 02/14/2025 | Date of transaction where 448 TPH Units were allocated to Anilu Vazquez-Ubarri. |
| 02/19/2025 | Date of signature for the Form 4 filing. |
Keywords
TPG Inc., Anilu Vazquez-Ubarri, TPG Partner Holdings, L.P., TPH Units, Class A Common Stock, Beneficial Ownership, Form 4, Officer, Director
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