Company: TIPT
Filing Date: 2025-10-31
Form Type: DEFM14A
Source: 0001140361-25-039949
Chunk: 275

Company: TIPTREE INC.
Filing Date: 2025-10-31
Form: DEFM14A
Chunk 275
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 restricted stock units (PRSUs) that vest based on the achievement of specified gross written premium volume targets and underwriting ratios for selected specialty insurance lines written in 2024. If and upon vesting, the PRSUs entitle recipients to participate in an aggregate pool of between $5,000 and $20,000 payable in shares of Fortegra. The PRSUs are accounted for as liability awards and were unvested as of December 31, 2024. Equity Based Compensation Expense The following table presents the total equity based compensation expense and the related income tax benefit recognized on the consolidated statements of operations for awards issued under the Fortegra Plan:

|                                       |     | For the Year Ended 
       December 31, 
               2024 |     |   2023 |
|:--------------------------------------|:----|-------------------:|:----|-------:|
| Employee compensation and benefits    |     |             $8,998 |     | $2,018 |
| Director compensation                 |     |                 40 |     |      — |
| Income tax benefit                    |     |             -1,898 |     |   -424 |
| Net equity based compensation expense |     |             $7,140 |     | $1,594 |

The following table presents additional information on the total non-vested equity based compensation under Tiptree’s Subsidiary Incentive Plan as of December 31, 2024:

|                                                                |     | As of December 31, 2024 |     |      |     |        |
|:---------------------------------------------------------------|:----|------------------------:|:----|-----:|:----|-------:|
|                                                                |     |           Stock options |     | RSUs |     |  PRSUs |
| Unrecognized compensation cost related to non-vested awards(1) |     |                 $15,173 |     | $428 |     | $2,848 |
| Weighted average recognition period (in years)                 |     |                     1.8 |     |  0.2 |     |    1.3 |

| (1) | In February 2023, certain time and performance options were modified to require awards be exercised in the calendar year they vest. The original grant date compensation expense will continue to be recognized given the post modification fair value was deemed to be lower than the pre-modification fair value. |

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THE FORTEGRA GROUP,