TPG.NASDAQTpg INC

Form 4: TPG Inc. Officer Acquires Additional Partnership Units Due to Forfeiture

Sentiment:

SEC Form 4 Filing

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Joann Harris, Chief Compliance Officer of TPG Inc., acquired 887 additional units of TPG Partner Holdings, L.P. due to forfeiture by a former partner.

Summary

  • On April 10, 2024, Joann Harris, the Chief Compliance Officer of TPG Inc., acquired 887 additional units of TPG Partner Holdings, L.P. (TPH Units).
  • These units were allocated automatically to Ms. Harris due to their 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.
  • Ms. Harris may be deemed to beneficially own the securities held by these entities to the extent of her pecuniary interest, but she disclaims beneficial ownership beyond that interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, and the transaction itself is neither particularly positive nor negative. It's a neutral event.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company officer, and it doesn't necessarily reflect broader industry trends.

Key Dates

DateDescription
January 3, 2022Date of power of attorney granted to Bradford Berenson.
November 2, 2023Date of Amended and Restated Exchange Agreement filed with the SEC.
April 10, 2024Date of transaction: Acquisition of 887 TPH Units.
April 12, 2024Date of signature on the Form 4 filing.

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