Form 4: TPG Inc. Director Deborah M. Messemer Reports Stock Transactions
SEC Form 4 Filing
Director Deborah M. Messemer reports acquisition of restricted stock units and sale of Class A Common Stock of TPG Inc.
Summary
- On July 15, 2024, Deborah M. Messemer, a director of TPG Inc., acquired 3,592 shares of Class A Common Stock through an annual award of restricted stock units (RSUs).
- These RSUs will vest on the first anniversary of the grant date, contingent upon continuous service.
- On July 17, 2024, Ms. Messemer sold 4,089 shares of Class A Common Stock at a weighted average price of $46.5473.
- The sales occurred in multiple transactions with prices ranging from $45.94 to $46.95.
- Following these transactions, Ms. Messemer beneficially owns 17,536 shares of Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
The RSUs will vest on the first anniversary of the grant date, subject to the Reporting Person's continuous service through the vesting date; provided that if the Reporting Person serves through the Issuer's next annual meeting of shareholders occurring after the date of grant, the Reporting Person will be entitled to retain the RSUs.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies like TPG Inc.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a director.
Key Dates
| Date | Description |
|---|---|
| 12/29/2021 | Power of attorney dated December 29, 2021, previously filed with the Commission. |
| 07/15/2024 | Acquisition of 3,592 shares of Class A Common Stock via restricted stock units. |
| 07/17/2024 | Sale of 4,089 shares of Class A Common Stock at an average price of $46.5473. |
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