Form 4: TPG RE Finance Trust CFO Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Robert Foley, CFO of TPG RE Finance Trust, reports the withholding of 40,154 shares for tax liabilities related to vested stock and discloses indirect ownership of 3,215 shares.
Summary
- Robert Foley, the Chief Financial Officer of TPG RE Finance Trust, Inc. (TRTX), filed a Form 4 on July 2, 2024, reporting changes in beneficial ownership.
- On June 30, 2024, 40,154 shares of common stock were withheld to cover tax liabilities associated with the vesting of shares granted under the company's 2017 Equity Incentive Plan at a price of $8.64.
- Following the transaction, Mr. Foley directly owns 367,083 shares of TRTX common stock.
- Mr. Foley also indirectly owns 3,215 shares of common stock awarded by TPG RE Finance Trust Management, L.P., the external manager of the Issuer, under a compensatory plan; these shares will be delivered upon vesting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing share transactions for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's share transactions related to tax obligations from vested equity, which is a common occurrence.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects routine tax-related share withholding.
Key Dates
| Date | Description |
|---|---|
| July 5, 2017 | Date of power of attorney granted to Matthew Coleman, previously filed with the SEC. |
| June 30, 2024 | Date of the transaction where 40,154 shares were withheld for tax liabilities. |
| July 2, 2024 | Date the Form 4 was signed and filed. |
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