Form 4: TPG Inc. Executive Joann Harris Acquires Additional Partnership Units
SEC Form 4 Filing
Joann Harris, Chief Compliance Officer of TPG Inc., reports the acquisition of 195 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.
Summary
- Joann Harris, the Chief Compliance Officer of TPG Inc., acquired 195 additional units of TPG Partner Holdings, L.P. on April 1, 2024.
- These units were allocated automatically due to forfeiture by a former partner of Partner Holdings.
- These 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.
- As of the reported transaction, Ms. Harris beneficially owns 404,129 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.
Industry Context
This filing is a routine disclosure of changes in beneficial ownership by a company insider, as required by the SEC. It doesn't necessarily reflect a significant event for the company but provides transparency regarding the holdings of key personnel.
Key Dates
| Date | Description |
|---|---|
| 01/03/2022 | Power of attorney dated January 3, 2022, previously filed with the Commission. |
| 11/02/2023 | Amended and Restated Exchange Agreement filed by TPG Inc. with the SEC. |
| 04/01/2024 | Date of transaction: 195 TPH Units allocated to Joann Harris due to forfeiture. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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