secwatch.observer — SEC 8-K summary
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Issuer:     TPG Inc. (TPG)
CIK:        0001880661
Form:       8-K
Filed at:   2023-12-04T23:59:59+00:00
Accession:  0000947871-23-001124
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TPG approves CEO Winkelried long-term incentive: 2.6M RSUs + 3.9M PRSUs with stock price hurdles
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- 2,594,755 RSUs vest 25% annually on Jan 13, 2025-2028; dividend equivalents paid on vested and unvested RSUs.
- 3,892,133 PRSUs vest 20% annually 2025-2029, contingent on stock price hurdles: $52.50, $58.45, $64.05, $70.00.
- PRSU hurdles represent 150%–200% of grant date closing price; 1.5x hurdle must be met by Jan 13, 2029, others by Jan 13, 2030.
- Termination without cause, good reason, death, or disability provides credit for service vesting through next scheduled date; PRSUs stay eligible.
- Dividend equivalents accrue on PRSUs and pay only if both service and performance conditions are satisfied.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880661/000094787123001124/0000947871-23-001124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880661/000094787123001124/ss2776627_8k.htm
  HTML page:      https://secwatch.observer/filing/0000947871-23-001124

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer