Form 4: TPG Inc. Executive Acquires Additional Partnership Units
SEC Form 4 Filing
Joann Harris, Chief Compliance Officer of TPG Inc., reports the acquisition of 112 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.
Summary
- On February 14, 2025, Joann Harris, the Chief Compliance Officer of TPG Inc., acquired 112 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 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 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.
- Harris may be deemed to beneficially own these securities to the extent of her pecuniary interest, but she disclaims beneficial ownership beyond that interest.
- Following the transaction, Harris beneficially owns 407,599 TPH Units indirectly through a personal investment vehicle.
Sentiment
Score: 5
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.
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 related to changes in beneficial ownership by a company insider, as required by Section 16(a) of the Securities Exchange Act of 1934. It provides transparency into the holdings and transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| January 3, 2022 | Date of power of attorney granted to Bradford Berenson, previously filed with the SEC. |
| November 2, 2023 | Date of Amended and Restated Exchange Agreement filed by TPG Inc. with the SEC. |
| February 14, 2025 | Date of transaction: Joann Harris acquired 112 additional TPH Units. |
| February 19, 2025 | Date of signature on the Form 4 filing. |
Keywords
TPG Inc., Joann Harris, TPG Partner Holdings, L.P., TPH Units, Beneficial Ownership, Form 4, Securities Exchange Act, Chief Compliance Officer
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