Company: TIPT
Filing Date: 2025-03-17
Form Type: DEF 14A
Source: 0001393726-25-000038
Chunk: 53

Company: TIPTREE INC.
Filing Date: 2025-03-17
Form: DEF 14A
Chunk 53
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 forfeited unless otherwise assumed in such a change of control transaction.

Randy Maultsby

• If Mr. Maultsby’s employment was terminated by the Company without cause or due to his death or disability (or he terminated employment for good reason) as of December 31, 2024, he would have been entitled to receive a total severance of $2,250,000, which represents his base salary and incentive compensation for services performed in 2024.

• With respect to Maultsby’s 583,333 unvested PRSUs as of December 31, 2024:

◦ If Mr. Maultsby’s employment was terminated by the Company without cause, or due to his death or disability, then such unvested PRSUs shall remain outstanding and be eligible to vest upon Tiptree satisfying the relevant Tiptree share price target milestones in accordance with the terms of the PRSUs.

◦ Upon a change of control, only those PRSUs that satisfy the relevant Tiptree share price target milestones from such a change of control transaction will vest, with all other PRSUs becoming forfeited unless otherwise assumed in such a change of control transaction.

Scott McKinney

• If Mr. McKinney’s employment was terminated by the Company without cause or due to his death or disability (or he terminated employment for good reason) as of December 31, 2024, he would have been entitled to receive a total severance of $1,750,000, which represents his base salary and incentive compensation for services performed in 2024.

• If Mr. McKinney’s employment was terminated by the Company due to his death or disability, then his 30,846 unvested RSUs as of December 31, 2024, with a market value of $643,448 based on the Company’s closing stock price of $20.86 as of December 31, 2024 would vest immediately upon termination.

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• If Mr. McKinney’s employment was terminated by the Company without cause, then his 30,846 unvested RSUs as of December 31, 2024 would remain outstanding and vest in accordance with their vesting schedule (the “RSU Vesting”).

• Upon a change of control, Mr. McKinney’s 30,846 unvested RSUs as of December 31, 2024, with a market value of $643,