He is raising UTG, and then he gets 3-bet by a player from MP, who have him covered. Its near the money bubble, and he has 60BB to start the hand, so busting now is an absolute ICM disaster for him. Yet after min-raising he now puts in a chunky 4-bet risking 1/3 of his chips. This action just scream strenght, and I think, there is a very high likelyhood, he has AA or KK, even though we block those
hands.
For that reason I would have folded to the 4-bet. Chip preservation is important in tournaments, and this simply looks like a really bad spot. The absolute best case scenario is, you are against QQ or another AK. And even when that is the case, you will miss the flop 2/3 of the time (more if he has AK), and then you will typically end up folding to his jam. Which is exactly, what happened.