Company: TIPT
Filing Date: 2025-07-30
Form Type: 10-Q
Source: 0001393726-25-000076
Chunk: 215

Company: TIPTREE INC.
Filing Date: 2025-07-30
Form: 10-Q
Item: Part II, Item 8
Chunk 215
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 income taxNet of tax$24 $17 $(454)$(69)

F-43

Table of ContentsTIPTREE INC. AND SUBSIDIARIESNotes to Condensed Consolidated Financial StatementsJune 30, 2025(in thousands, except share data)

(17) Stock Based Compensation

Tiptree Equity PlansThe table below summarizes changes to the issuances under the Company’s 2017 Omnibus Incentive Equity Plan for the periods indicated, excluding awards granted under the Company’s subsidiary incentive plans that are exchangeable for Tiptree common stock:2017 Equity PlanNumber of shares Available for issuance as of December 31, 2024756,984 RSU, stock and option awards granted(289,238)Available for issuance as of June 30, 2025467,746 Restricted Stock Units (RSUs) and Stock AwardsThe Company values RSUs at their grant-date fair value as measured by Tiptree’s common stock price. Generally, the Tiptree RSUs vest and become non-forfeitable either (i) after the third anniversary, or (ii) with respect to one-third of Tiptree shares granted on each of the first, second and third year anniversaries of the grant date. RSU awards are expensed using the straight-line method over the requisite service period. The RSUs include a retirement provision and are amortized over the lesser of the service condition or expected retirement date.Stock awards issued as director compensation are deemed to be granted and immediately vested upon issuance. On February 25, 2025, the Company issued Messrs. Barnes and Ilany 60,813 and 151,778 shares of the Company's common stock, respectively, as part of their compensation for 2024 performance. The following table presents changes to the issuances of RSUs under the 2017 Omnibus Incentive Equity Plan for the periods indicated:Number of shares issuableWeighted average grant date fair valueUnvested units as of December 31, 2024287,684 $15.22 Granted289,238 21.67 Vested(358,904)18.34 Unvested units as of June 30, 2025 (1)218,018 $18.64 (1)         Includes 76,930, 70,866 and 70,222 shares that vest in 2026, 2027 and 2028, respectively.The following tables present