Edwin Poston
About Edwin Poston
Edwin Poston, age 58, has served as a director of P10, Inc. since October 2021 and is the director designated by TrueBridge Capital Partners LLC and its affiliates. He is a General Partner and co-founder of TrueBridge Capital Partners LLC, a principal operating brand of the Company. He holds a J.D. and M.B.A. from Emory University and a B.A. from the University of North Carolina at Chapel Hill .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| TrueBridge Capital Partners LLC | General Partner & Co-Founder | Not disclosed | Co-founded and leads a principal operating brand of P10 |
| The Rockefeller Foundation | Managing Director & Head of Private Equity | Not disclosed | Built and managed venture capital and buyout portfolios domestically and internationally |
| Brandywine Trust Company | Senior investment professional | Not disclosed | Led investment activities across asset classes for >$4B multi-family office; focus on buyouts/VC/hedge funds/equities |
| NationsBanc Montgomery Securities (Bank of America Securities) | Investment Banker | Not disclosed | Early career in investment banking |
| Opportunistic Real Estate (Washington, D.C.) | Investor | Not disclosed | Early career investing |
External Roles
- No other public company directorships disclosed in PX’s proxy biography for Mr. Poston .
Board Governance
- Committee memberships: None; “Committees: N/A” in the 2025 nominee profile .
- Independence: The Board determined that Barnes, Benford, Blewitt, Glassman, Gwilliam, and Stewart are independent; Mr. Poston is not listed among independent directors .
- Attendance: The Board held 10 meetings in 2024; all current directors serving in 2024 attended at least 75% of Board and applicable committee meetings except Travis Barnes (70%), implying Mr. Poston met the ≥75% threshold .
- Lead Independent Director: Tracey Benford appointed June 2024; independent directors hold executive sessions at least quarterly .
- Controlled Company & designation rights: PX is a “controlled company” under NYSE rules and maintains board designation rights; as amended Dec 19, 2024, TrueBridge retains the right to designate one director so long as it holds ≥5% voting power. Mr. Poston serves as the TrueBridge-designated director .
Fixed Compensation
- Non-employee director compensation (program terms):
- 2024: Annual fee up to $175,000, payable entirely in restricted stock; Lead Independent Director additional $50,000; reimbursement of reasonable meeting expenses .
- 2025: Annual fee $185,000; committee chair additional $15,000; Lead Independent Director additional $50,000 .
- 2024 non-employee director actual compensation (PX disclosed table excludes Mr. Poston):
- Scott Gwilliam: $175,000 stock awards; $0 cash; total $175,000
- Travis Barnes: $175,000 stock awards; $0 cash; total $175,000
- Robert B. Stewart, Jr.: $175,000 stock awards; $0 cash; total $175,000
- Tracey Benford: $225,000 stock awards; $29,167 additional cash; total $254,167
- Note: No 2024 director fee entry was disclosed for Mr. Poston in the non-employee director compensation table .
Performance Compensation
| Item | Structure | Metrics | Vesting / Terms |
|---|---|---|---|
| 2024 Director equity | Restricted stock for non-employee directors | None disclosed (time-based) | Vests on first anniversary of June 14, 2024 grant, subject to continuous service |
| Director/officer fund co-investments | Ability to invest in and alongside Company funds | None disclosed; investments sometimes not subject to management fees or carry | Independent directors permitted up to a Board-set threshold that does not compromise independence |
| Bonaccord Capital Partners II GP investment | Mr. Poston committed $2,000,000 to the GP entity and is entitled to proportionate carried interest | Fund performance drives carry; specific performance metrics not disclosed | GP carry participation per fund terms; 2024 commitments disclosed |
Other Directorships & Interlocks
- Designation interlock: TrueBridge Group retains a board designation right; Mr. Poston is the TrueBridge designee, reflecting an interlock between the Company and TrueBridge .
- Related-party ecosystem: Director/officer investments in Company funds (sometimes without fees/carry) and Mr. Poston’s GP commitment to Bonaccord Capital Partners II indicate ongoing financial linkages with Company-affiliated investment vehicles .
Expertise & Qualifications
- Private equity leadership and fund portfolio construction across venture and buyout strategies; institutional investment background at The Rockefeller Foundation and Brandywine Trust Company .
- Legal and business training (J.D./M.B.A. Emory; B.A. UNC), relevant to fund governance and transactions oversight .
Equity Ownership
| Holder | Class A Shares | Class B Shares | Combined Votes | % Class A | % Class B | % Combined Votes |
|---|---|---|---|---|---|---|
| Edwin Poston (member of TrueBridge Group Holders) | 3,255,697 | 5,351,097 | 56,766,667 | 12.3% | Not disclosed in table cell | 11.3% |
| Breakdown (footnote 12) | 60,502 Class A directly; 2,825,683 Class A via TrueBridge Colonial; 521,664 Class A via Edwin A. Poston Revocable Trust | 5,216,646 Class B via TrueBridge Colonial; 134,451 Class B via TrueBridge Ascent LLC | N/A | N/A | N/A | N/A |
| Sources for breakdown | — | — | — | — | — | — |
| Footnote references | 60,502 A; 2,825,683 A; 5,216,646 B; 134,451 B; 521,664 A | 60,502 A; 2,825,683 A; 5,216,646 B; 134,451 B; 521,664 A | — | — | — | — |
Insider trading policy prohibits hedging, short sales, options trading, margin/pledging by directors, officers, employees, related persons, and controlled entities .
Governance Assessment
- Independence and committee roles: Mr. Poston is not classified as independent and holds no committee assignments, reducing formal oversight engagement via committees but reflecting his designated role from TrueBridge .
- Attendance: Met the company’s ≥75% attendance expectation in 2024 (only Travis Barnes was below), supporting baseline engagement .
- Alignment vs conflicts:
- Positive alignment: Significant beneficial ownership and ability to co-invest alongside Company funds align interests with long-term value creation .
- Potential conflicts (RED FLAGS): Participation in GP carry for Bonaccord Capital Partners II ($2,000,000 commitment) and the TrueBridge designation right may create perceived conflicts of interest between fund economics and independent oversight; Board permits independent director co-investments “up to a certain threshold” (not quantified) which could complicate independence optics .
- Controlled company status: PX is a “controlled company” under NYSE rules; although PX states it does not intend to rely on related exemptions, controlled structures concentrate voting power and heighten governance scrutiny .
- Compliance note: PX disclosed several late Section 16(a) Form 4 filings in 2023–2024, including one by Edwin A. Poston (Dec 1, 2023), indicating process discipline should be monitored (administrative rather than financial impact) .
Fixed Compensation
| Year | Role | Cash Retainer | Equity | Chair Fees | Lead Independent Add-on | Notes |
|---|---|---|---|---|---|---|
| 2024 | Non-employee directors | $0 for those listed | $175,000 restricted stock (time-based vesting) | N/A | $50,000 for Lead Independent | RS grants vest at 1-year from June 14, 2024; Mr. Poston not listed in non-employee director comp table |
| 2025 | Non-employee directors | $185,000 annual fee (structure not specified) | Not specified | +$15,000 per committee chair | +$50,000 | Program approval by Board in 2025 |
Performance Compensation
| Component | Applies to | Metric Basis | Terms |
|---|---|---|---|
| Director equity (2024) | Non-employee directors | None disclosed | Restricted stock vests after 1 year, service-based |
| GP carry participation (Bonaccord Capital Partners II) | Mr. Poston (director) | Fund performance (carry waterfall) | $2,000,000 GP commitment; entitled to proportionate carried interest |
Other Directorships & Interlocks
| Company/Entity | Role | Nature |
|---|---|---|
| TrueBridge Group | Board designation right; Mr. Poston is designee | Controlled Company Agreement provides TrueBridge with one board seat, conditional on ≥5% voting power |
Equity Ownership
| Category | Shares | Detail |
|---|---|---|
| Class A (total) | 3,255,697 | Includes 60,502 directly; 2,825,683 via TrueBridge Colonial; 521,664 via Edwin A. Poston Revocable Trust |
| Class B (total) | 5,351,097 | Includes 5,216,646 via TrueBridge Colonial; 134,451 via TrueBridge Ascent LLC |
| Combined voting power | 56,766,667 | One vote per Class A, ten votes per Class B |
| % of Class A | 12.3% | As disclosed |
| % of combined voting power | 11.3% | As disclosed |
Governance Signals Summary
- Board effectiveness: No committee roles limits Mr. Poston’s formal governance levers; attendance adequate; independent-led executive sessions occur quarterly .
- Conflicts/related-party exposure: TrueBridge designation and GP carry participation are notable; director/officer co-investments sometimes exempt from fees/carry; Board states thresholds for independent directors to avoid compromising independence (but not quantified) (RED FLAG for optics) .
- Alignment: High beneficial ownership and fund commitments suggest strong economic alignment with firm performance .
- Policy framework: Insider trading policy prohibits pledging/hedging; clawback policy adopted in 2023 for executives—supportive governance infrastructure .
- Controlled structure risk: Concentration of voting power and controlled company status warrant continued monitoring, even if PX does not intend to use exemptions .