A statement of changes in beneficial ownership was filed on October 27, 2026, reporting that Todd Schuster, a director of TPG RE Finance Trust, Inc. (NYSE:TRTX), acquired 210 shares of common stock on October 23, 2026, through deferred stock units issued in lieu of dividends.

Key Highlights

  • Reporting person: Todd Schuster, director of TPG RE Finance Trust, Inc.
  • Transaction date: October 23, 2026, with the filing submitted October 27, 2026.
  • Shares acquired: 210 shares of common stock at a price of $6.33 per share, coded as an acquisition (A).
  • Nature of acquisition: Shares represent common stock underlying deferred stock units issued to Schuster in lieu of dividends payable on DSUs he already owned.
  • Dividend basis: The DSU calculation used a $0.24 per share common stock dividend paid by the issuer on October 23, 2026.
  • Resulting ownership: Following the transaction, Schuster beneficially owned 64,188 shares of common stock directly.

Director Schuster Receives Dividend-Linked DSUs in TPG RE Finance Trust

According to the filing, Todd Schuster serves as a director of TPG RE Finance Trust, Inc., a commercial real estate finance company that trades on the New York Stock Exchange under the symbol TRTX. The acquisition reported here did not reflect an open-market purchase but rather resulted from the company's practice of issuing deferred stock units to certain holders in lieu of cash dividends on existing DSU positions.

The filing's explanation of responses states that the 210 shares represent common stock underlying DSUs issued to Schuster "in lieu of dividends payable on DSUs owned by Mr. Schuster." The number of DSUs was calculated by dividing the product of the applicable DSU count and the $0.24 per share dividend amount by the closing price of the issuer's common stock as of the record date for the dividend paid on October 23, 2026. The per-share price recorded in the transaction was $6.33. Following this transaction, Schuster's directly held beneficial ownership stood at 64,188 shares of common stock, according to the filing.

The filing was signed by Matthew Coleman on behalf of Todd Schuster pursuant to a power of attorney dated July 15, 2020, which the filing notes was previously filed with the Securities and Exchange Commission. The transaction was reported under Table I as a non-derivative securities acquisition, with no derivative securities activity reported in Table II.

What Was Disclosed

The filing disclosed that director Todd Schuster of TPG RE Finance Trust, Inc. acquired 210 shares of common stock on October 23, 2026, at $6.33 per share through dividend-linked deferred stock units, bringing his total direct beneficial ownership to 64,188 shares.