TPG CLO has shares withheld for tax on PSU vesting

TPG Inc. Chief Legal Officer and General Counsel Jennifer L. Chu reported a routine tax-related share disposition.

Rhea-AI Filing Summary

TPG Inc. Chief Legal Officer and General Counsel Jennifer L. Chu reported a routine tax-related share disposition. On the vesting and settlement of previously granted performance stock units, the company withheld 22,079 shares of Class A common stock at $40.51 per share to cover her tax liability.

These shares were not sold in the open market but retained by the issuer for tax withholding. After this transaction, Chu directly holds 196,974 shares of TPG Inc. Class A common stock.

Insights

Equity compensation analyst

Routine tax withholding on equity vesting; no open-market sale.

The transaction reflects TPG Inc. withholding 22,079 Class A shares from Chief Legal Officer Jennifer L. Chu at $40.51 per share to satisfy tax obligations tied to vested performance stock units, a standard equity compensation mechanism.

This F-code event is not an open-market sale and generally carries limited informational value about management’s view of the stock. After the withholding, Chu still directly owns 196,974 shares, indicating she retains a substantial equity position.

Insider Trade Summary

Exercise Price or Tax Liability: 22,079 shares

Exercise Price or Tax Liability 1 txn

Insider Chu Jennifer L.

Role Chief Legal Officer & GC

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Class A Common Stock	22,079	$40.51	$894K

Holdings After Transaction: Class A Common Stock — 196,974 shares (Direct)

Footnotes (1)

1. F1. On April 1, 2026, TPG Inc. (the "Issuer") withheld 22,079 shares of Class A common stock of the Issuer from the Reporting Person for payment of the tax liability incident to the vesting and settlement of performance stock units previously granted by the Issuer.

Key Figures

Shares withheld for tax: 22,079 shares Per-share tax value: $40.51 per share Shares owned after transaction: 196,974 shares

3 metrics

Shares withheld for tax 22,079 shares Class A Common Stock withheld on April 1, 2026

Per-share tax value $40.51 per share Valuation used for withheld shares

Shares owned after transaction 196,974 shares Direct holdings of Jennifer L. Chu after withholding

Key Terms

performance stock units, tax liability, withheld, Class A common stock

4 terms

performance stock units financial

"incident to the vesting and settlement of performance stock units previously granted"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

tax liability financial

"for payment of the tax liability incident to the vesting and settlement"

withheld financial

"the Issuer withheld 22,079 shares of Class A common stock"

Class A common stock financial

"22,079 shares of Class A common stock of the Issuer"

Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.

FAQ

What insider transaction did TPG (TPG) report for Jennifer L. Chu?

TPG reported that Chief Legal Officer Jennifer L. Chu had 22,079 shares of Class A common stock withheld to cover taxes on vested performance stock units. This is a tax-withholding disposition, not an open-market share sale, and is common with equity compensation.

Was the TPG (TPG) insider transaction an open-market sale of shares?

No. The Form 4 shows an F-code tax-withholding disposition, where TPG Inc. withheld 22,079 shares for tax liability. The shares were retained by the company, rather than sold in the open market by Jennifer L. Chu.

At what price were Jennifer L. Chu’s TPG shares valued for tax withholding?

The withheld TPG Class A shares were valued at $40.51 per share for tax purposes. This valuation applied to the 22,079 shares withheld to satisfy taxes arising from vesting and settlement of performance stock units previously granted by TPG Inc.

How many TPG shares does Jennifer L. Chu hold after this Form 4 transaction?

Following the tax-withholding transaction, Jennifer L. Chu directly holds 196,974 shares of TPG Inc. Class A common stock. This figure reflects her updated direct ownership after the company withheld 22,079 shares to cover tax obligations on vested equity awards.

What triggered the tax-withholding disposition reported by TPG (TPG)?

The disposition was triggered by the vesting and settlement of performance stock units previously granted by TPG Inc. When these units vested, the company withheld 22,079 shares of Class A common stock from Jennifer L. Chu to pay the associated tax liability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/03/2026 - 04:49 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chu Jennifer L.

(Last) (First) (Middle)

301 COMMERCE STREET

SUITE 3300

(Street)

FORT WORTH TEXAS 76102

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TPG Inc. [ TPG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer & GC

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	04/01/2026		F(1)		22,079	D	$40.51	196,974	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On April 1, 2026, TPG Inc. (the "Issuer") withheld 22,079 shares of Class A common stock of the Issuer from the Reporting Person for payment of the tax liability incident to the vesting and settlement of performance stock units previously granted by the Issuer.

	/s/ Jennifer L. Chu	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)