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Asset Management

TPG Inc Executive Compensation (FY25)

TPG · Fort Worth, TX · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): June 5, 2026
259 figures on this page: 257 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
Total compensation for Jon Winkelried, Chief Executive Officer, came to $29,897,761 in fiscal 2025, and Winkelried's total was 8.7% lower than the $32,754,716 reported for fiscal 2024. Meanwhile, the company reported a chief executive pay ratio of 98.9:1 for fiscal 2025, against median employee compensation of $302,400. Separately, the say-on-pay proposal drew 97.3% support at the meeting held June 3, 2026 for fiscal 2025. The fiscal 2025 disclosure covers 5 named executive officers.
Chief executive, fiscal 2025
◇
Jon Winkelried
Latest say-on-pay support
=
June 3, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Jon Winkelried: $32,754,716 → $29,897,761 (8.7% lower)
CEO pay ratio: 114.4:1 → 98.9:1 (13.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is TPG Inc's chief executive and what were they paid?
Total compensation for Jon Winkelried, Chief Executive Officer, came to $29,897,761 in fiscal 2025. Winkelried's total was 8.7% lower than the $32,754,716 reported for fiscal 2024.
What was TPG Inc's say-on-pay result?
The say-on-pay proposal drew 97.3% support at the meeting held June 3, 2026 for fiscal 2025.
What is TPG Inc's chief executive pay ratio?
The company reported a chief executive pay ratio of 98.9:1 for fiscal 2025, against median employee compensation of $302,400.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Todd Sisitsky
President
◇—◇———◇◇
Jack Weingart
Chief Financial Officer
◇—◇———◇◇
Jon Winkelried
Chief Executive Officer
◇—◇———◇◇
Jim Coulter
Founder and Executive Chair
◇—◇———◇◇
Anilu Vazquez-Ubarri
Chief Human Resources Officer
◇—◇—◇——◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Jon Winkelried
Chief Executive Officer
◇—◇———◇◇
James Coulter
Founder and Executive Chair
◇—◇———◇◇
Todd Sisitsky
President
◇—◇———◇◇
Jack Weingart
Chief Financial Officer
◇—◇———◇◇
Anilu Vazquez-Ubarri
Chief Operating Officer
◇—◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Coulter
Founder and Executive Chair
◇—◇———◇◇
Jon Winkelried
Chief Executive Officer
◇—◇———◇◇
Todd Sisitsky
President
◇—◇———◇◇
Jack Weingart
Chief Financial Officer
◇—◇———◇◇
Anilu Vazquez-Ubarri
Chief Operating Officer
◇—◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
James Coulter
Founder and Executive Chair
◇◇◇———◇◇
Jon Winkelried
Chief Executive Officer
◇—◇———◇◇
Jack Weingart
Chief Financial Officer
◇—◇———◇◇
Todd Sisitsky
President
◇—◇———◇◇
Jennifer Chu
Chief Legal Officer, General Counsel and Secretary
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Anilu Vazquez-UbarriPSU◇—◇—— withheld—◇
Jack WeingartRSU◇——◇——◇
Jack WeingartRSU◇——◇——◇
Jack WeingartRSU◇——◇——◇
Jack WeingartRSU◇——◇——◇
Jennifer ChuPSU◇—◇—◇—◇
Jim CoulterPSU◇—◇—— withheld—◇
Jim CoulterPSU◇—◇—— withheld—◇
Jim CoulterPSU◇—◇—— withheld—◇
Jim CoulterPSU◇—◇—— withheld—◇
Jim CoulterPSU◇—◇—◇—◇
Jim CoulterPSU◇—◇—— withheld—◇
Jim CoulterRSU◇——◇——◇
Jon WinkelriedRSU◇——◇——◇
Jon WinkelriedRSU◇——◇——◇
Jon WinkelriedRSU◇——◇——◇
Jon WinkelriedRSU◇——◇——◇
Todd SisitskyRSU◇——◇——◇
Todd SisitskyRSU◇——◇——◇
Todd SisitskyRSU◇——◇——◇
Todd SisitskyRSU◇——◇——◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jon WinkelriedRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Todd SisitskyRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jack WeingartRSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jennifer ChuRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Jim CoulterRSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Deborah M. Messemer
◇◇————◇
Mary Cranston
◇◇————◇
Gunther Bright
◇◇————◇
Todd Sisitsky, Anilu Vazquez-Ubarri, Jon Winkelried, David Trujillo, William McRaven, Ganendran Sarvananthan, Kelvin Davis, James G. Coulter, Jeffrey Rhodes, Kathy Elsesser and Nehal Raj served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Equity is delivered as restricted stock units.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025June 3, 2026=◇◇◇
2022June 8, 2023=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact TPG Inc disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
259 figures on this page: 257 cited to the filing that reported them, 2 calculated from figures it prints.
257 cited to the filing
2 calculated from the filing

Documents cited

  1. 0001880661-26-000036
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001193125-26-166834
    DIRECTOR COMPENSATION · Grants of Plan-Based Awards · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table
  3. 000119312526166834
    CEO Pay Ratio
  4. 0001193125-25-091415
    Summary Compensation Table
  5. 0001193125-24-110084
    Summary Compensation Table
  6. 0001193125-23-165304
    Item 5.07 Submission of Matters to a Vote of Security Holders
  7. 0001880661-23-000032
    Summary Compensation Table
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This page is free to cite. Attribution we ask for:
Velarion, “TPG Inc executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TPG (accessed 2026).
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Asset Management rankings

Chief executive pay — Asset ManagementCEO pay ratio — Asset ManagementSay-on-pay support — Asset Management

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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