Company: TIPT
Filing Date: 2025-04-30
Form Type: 10-Q
Source: 0001393726-25-000055
Chunk: 131

Company: TIPTREE INC.
Filing Date: 2025-04-30
Form: 10-Q
Item: Part II, Item 8
Chunk 131
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,930, 70,866 and 70,222 shares that vest in 2026, 2027 and 2028, respectively.The following tables present the detail of the granted and vested RSUs and Stock Awards for the periods indicated:Three Months Ended March 31, Three Months Ended March 31,Granted20252024Vested20252024Directors3,331 5,019 Directors3,331 5,019 Employees 282,813 78,360 Employees352,479 31,470 Total Granted286,144 83,379 Total Vested355,810 36,489 Taxes(117,765)(11,395)Net Vested238,045 25,094 Tiptree Senior Management Incentive PlanOn August 4, 2021, a total of 3,500,000 Performance Restricted Stock Units (PRSUs) were awarded to members of the Company’s senior management. An additional 350,000 PRSUs were awarded on October 14, 2022. The PRSUs have a 10-year term and are subject to the recipient’s continuous service and a market requirement. A portion of the PRSUs will generally vest upon the achievement of each of five Tiptree share price target milestones ranging from $15 to $60, adjusted for dividends paid, within five pre-established determination periods (subject to a catch-up vesting mechanism) occurring on the second, fourth, sixth, eighth and tenth anniversaries of the grant date. In November 2021 and October 2024, the first and 

F-41

TIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsMarch 31, 2025(in thousands, except share data)

second tranches of the PRSUs vested, resulting in a net issuance of 215,583 and 462,766 shares, respectively, of Tiptree common stock. On January 1, 2024, Tiptree granted 1,420,833 PRSUs to members of the Company’s senior management. The PRSUs will generally vest upon achievement of a $70 Tiptree share price target (adjusted for dividends paid) prior to the tenth anniversary of the date of grant, subject to the Grantee’s continued employment with Tiptree.As of March 31, 2025, 4,520,833 PRSUs were unvested. The below table