TPG RE Finance director granted 152 DSU shares

TPG RE Finance Trust director Todd Schuster reported an acquisition of 152 shares of common stock on July 24, 2026, at $8.46 per share, through deferred stock units issued in lieu of cash dividends on existing DSUs.

Rhea-AI Filing Summary

TPG RE Finance Trust director Todd Schuster reported an acquisition of 152 shares of common stock on July 24, 2026, at $8.46 per share, through deferred stock units issued in lieu of cash dividends on existing DSUs.

The DSU amount was based on the Issuer's $0.24 per‑share Common Stock dividend and the closing price on the dividend record date. Following this grant, Schuster directly owns 63,978 shares of common stock.

Insider Trade Summary

Grant/Award: 152 shares

Grant/Award 1 txn

Insider Schuster Todd

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock F1	152	$8.46	$1K

Holdings After Transaction: Common Stock — 63,978 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 Mr. Todd Schuster in lieu of dividends payable on DSUs owned by Mr. Schuster. The number of DSUs was calculated by dividing (i) the product of the number of DSUs owned by Mr. Schuster 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: 152 shares Price per share: $8.46 Shares owned after transaction: 63,978 shares +1 more

4 metrics

Shares acquired 152 shares Grant of common stock underlying DSUs on July 24, 2026

Price per share $8.46 Value assigned to DSU-based common stock grant

Shares owned after transaction 63,978 shares Director Todd Schuster's direct common stock holdings after the grant

Dividend per share $0.24 Common Stock dividend per share used to calculate DSUs paid July 24, 2026

Key Terms

deferred stock units, Common Stock dividend, record date

3 terms

deferred stock units financial

"underlying deferred stock units ("DSUs") issued to Mr. Todd Schuster in lieu of dividends"

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.

Common Stock dividend financial

"the $0.24 per share dollar amount of the Common Stock dividend paid by the Issuer"

record date financial

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

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TRTX director Todd Schuster report?

Todd Schuster reported receiving a grant of 152 shares of TPG RE Finance Trust common stock on July 24, 2026. The shares represent common stock underlying deferred stock units issued in lieu of cash dividends on DSUs he already owned.

How many TRTX shares and at what price were granted to Todd Schuster?

Todd Schuster was credited with 152 shares of TPG RE Finance Trust common stock at a value of $8.46 per share. These shares correspond to common stock underlying deferred stock units tied to his prior DSU holdings.

How were the DSUs calculated in Todd Schuster's TRTX award?

The DSUs were calculated by multiplying DSUs eligible for dividend equivalents by the $0.24 per‑share dividend and dividing that product by the closing Common Stock price on the record date for the July 24, 2026 dividend.

What is Todd Schuster's TRTX common stock ownership after this transaction?

After the reported grant, Todd Schuster directly owns 63,978 shares of TPG RE Finance Trust common stock. This total reflects the addition of shares underlying the new deferred stock units credited on July 24, 2026.

Was Todd Schuster's TRTX transaction made under a Rule 10b5-1 plan?

The filing's Rule 10b5-1 checkbox is not marked as an affirmative trading plan, and the related footnote describes only the DSU and dividend calculation mechanics, without referencing any Rule 10b5-1 arrangement.

What type of security did Todd Schuster acquire in this TRTX filing?

The transaction involves Common Stock of TPG RE Finance Trust, represented by shares underlying deferred stock units. Those DSUs were issued in lieu of cash dividends payable on DSUs that Mr. Schuster already owned.

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

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Available on EDGAR 07/28/2026 - 04:10 PM Accepted by SEC EDGAR 07/28/2026 - 04:10 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^*

Schuster Todd

(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		152(1)	A	$8.46	63,978	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 Mr. Todd Schuster in lieu of dividends payable on DSUs owned by Mr. Schuster. The number of DSUs was calculated by dividing (i) the product of the number of DSUs owned by Mr. Schuster 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 Mr. Schuster pursuant to the power of attorney dated July 15, 2020, which was previously filed with the Securities and Exchange Commission.

	/s/ Matthew Coleman, By: Matthew Coleman, on behalf of Todd Schuster (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)