TPG RE Finance Trust (TRTX) director gets 1,109 dividend DSUs

Rhea-AI Filing Summary

SILVERSTEIN WENDY reported acquisition or exercise transactions in this Form 4 filing.

TPG RE Finance Trust director Wendy Silverstein received 1,109 shares of Common Stock underlying deferred stock units on July 24, 2026. These DSUs were issued in lieu of cash dividends on DSUs she already owned, using a $0.24 per-share dividend and the closing share price to determine the amount. After this grant, she directly owns 98,699 shares.

Insider Trade Summary

Net Buyer: 1,109 shares

Net Buy 1 txn

Insider SILVERSTEIN WENDY

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	1,109	$8.46	$9K

Holdings After Transaction: Common Stock — 98,699 shares (Direct)

Footnotes (1)

1. F1. Represents shares of common stock ("Common Stock") of TPG RE Finance Trust, Inc. (the "Issuer") underlying deferred stock units ("DSUs") issued to Ms. Wendy Silverstein in lieu of dividends payable on DSUs owned by Ms. Silverstein. The number of DSUs was calculated by dividing (i) the product of the number of DSUs owned by Ms. Silverstein that provide for the issuance of DSUs in lieu of cash dividends and the $0.24 per share dollar amount of the Common Stock dividend paid by the Issuer on July 24, 2026 by (ii) the closing price of the Issuer's Common Stock as of the record date for the Common Stock dividend paid by the Issuer on July 24, 2026.

Key Figures

Shares acquired: 1,109 shares of Common Stock Reference price per share: $8.46 Shares owned after transaction: 98,699 shares +1 more

4 metrics

Shares acquired 1,109 shares of Common Stock Grant of shares underlying DSUs on July 24, 2026

Reference price per share $8.46 Transaction price per share associated with the DSU grant

Shares owned after transaction 98,699 shares Direct ownership reported for Wendy Silverstein after the grant

Cash dividend per share $0.24 Common Stock dividend per share used to calculate new DSUs

Key Terms

deferred stock units, in lieu of dividends, record date

3 terms

deferred stock units financial

"underlying deferred stock units ("DSUs") issued to Ms. Wendy Silverstein"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

in lieu of dividends financial

"DSUs issued to Ms. Wendy Silverstein in lieu of dividends payable on DSUs"

record date financial

"closing price of the Issuer's Common Stock as of the record date"

The record date is the specific day when a company determines which shareholders are eligible to receive a dividend or participate in an upcoming vote. It’s like a cutoff date; if you own the stock on that day, you get the benefits or voting rights. This date matters because it decides who qualifies for certain company benefits.

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

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/28/2026 - 04:10 PM Accepted by SEC EDGAR 07/28/2026 - 04:10 PM Learn about SEC filing dates

FAQ

What insider transaction did Wendy Silverstein report for TRTX?

Wendy Silverstein reported acquiring 1,109 shares of Common Stock underlying deferred stock units on July 24, 2026. These DSUs were issued as dividend equivalents, bringing her direct holdings to 98,699 shares after the grant.

How many TRTX shares did Wendy Silverstein acquire and at what reference price?

She acquired 1,109 shares tied to deferred stock units, with a reported transaction price of $8.46 per share. This reflects the closing share price used in calculating the number of DSUs credited.

Why were deferred stock units issued to Wendy Silverstein at TRTX?

The deferred stock units represent dividends paid in stock units instead of cash on DSUs she already owned. They were calculated using the $0.24 per-share Common Stock dividend and the closing price on the dividend’s record date.

How many TRTX shares does Wendy Silverstein own after this Form 4 transaction?

Following the reported grant, Wendy Silverstein directly owns 98,699 shares of Common Stock of TPG RE Finance Trust, Inc. This reflects her updated direct ownership position after the DSU-related acquisition.

Was Wendy Silverstein’s TRTX transaction under a Rule 10b5-1 trading plan?

The transaction was not reported as made under a Rule 10b5-1 trading plan. The Form 4’s Rule 10b5-1 checkbox is marked false, and no footnote describes a pre-arranged trading plan.

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^*

SILVERSTEIN WENDY

(Last) (First) (Middle)

C/O TPG RE FINANCE TRUST, INC.

888 SEVENTH AVENUE, 35TH FLOOR

(Street)

NEW YORK NEW YORK 10106

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TPG RE Finance Trust, Inc. [ TRTX ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2026

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
Common Stock	07/24/2026		A		1,109(1)	A	$8.46	98,699	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. Represents shares of common stock ("Common Stock") of TPG RE Finance Trust, Inc. (the "Issuer") underlying deferred stock units ("DSUs") issued to Ms. Wendy Silverstein in lieu of dividends payable on DSUs owned by Ms. Silverstein. The number of DSUs was calculated by dividing (i) the product of the number of DSUs owned by Ms. Silverstein that provide for the issuance of DSUs in lieu of cash dividends and the $0.24 per share dollar amount of the Common Stock dividend paid by the Issuer on July 24, 2026 by (ii) the closing price of the Issuer's Common Stock as of the record date for the Common Stock dividend paid by the Issuer on July 24, 2026.

Remarks:

(2) Matthew Coleman is signing on behalf of Ms. Silverstein pursuant to the power of attorney dated June 26, 2017, which was previously filed with the Securities and Exchange Commission.

	/s/ Matthew Coleman, By: Matthew Coleman, on behalf of Wendy Silverstein (2)	07/28/2026
	** 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)