TPG Gives $50 Million Stock Award to Billionaire Founder Coulter

TPG Inc. will grant Chairman Jim Coulter stock awards with a face value of $50 million to recognize his role in creating the firm’s Impact investing platform and encourage continued leadership of that strategy.

Restricted stock units comprise 40% of the award and performance stock units make up the rest, TPG said Friday in a regulatory filing. The RSUs will vest in 25% chunks annually over four years starting next July. The performance stock units will vest in five equal annual installments.

Coulter, a founding partner, has been a TPG board member since its 1992 inception. The billionaire previously ...