Company: TIPT
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001393726-25-000038
Chunk: 62

Company: TIPTREE INC.
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 62
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 1,200,000 PRSUs granted on August 4, 2021 (“2021 PRSUs”), subject to vesting upon Tiptree achieving each of three Tiptree share price target milestones, based on the average of the thirty (30) trading day closing stock price, ranging from $30 to $60 (adjusted for dividends paid) prior to the tenth anniversary of the date of grant and (b) 550,000 PRSUs granted on January 1, 2024 (“2024 PRSUs”), subject to vesting upon Tiptree achieving a Tiptree share price target milestone, based on the average of the thirty (30) trading day closing stock price of $70

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(adjusted for dividends paid) prior to the tenth anniversary of the date of grant, in each case, subject to Mr. Barnes’s continued employment with Tiptree. Any unvested 2021 PRSUs shall expire on August 4, 2031. Any unvested 2024 PRSUs shall expire on January 1, 2034.

(2) Based on the Schedule 13G/A filed on February 9, 2024, reporting common stock held on December 29, 2023. The mailing address for this reporting person is 6300 Bee Cave Road, Austin, Texas, 78746.

(3) Based on the Schedule 13G filed on January 31, 2024, based on common stock held on December 31, 2023. The mailing address for this reporting person is 50 Hudson Yards, New York, NY 10001.

(4) Mr. Ilany is deemed to beneficially own 1,319,901 shares of common stock consisting of 192,021 shares of common stock Mr. Ilany owns directly and 1,041,883 shares of common stock issuable upon exercise of vested stock options that Mr. Ilany owns directly. Excludes an aggregate of 1,552,717 shares of common stock held at various estate planning vehicles for the benefit of Mr. Ilany’s family. Mr. Ilany has no control over nor pecuniary interest in any of these estate planning vehicles. Also excludes (a) the remaining 1,200,000 PRSUs granted on August 4, 2021 (“2021 PRSUs”), subject to vesting upon Tiptree achieving each of three Tiptree