Form 4: Executive Vice President Christopher J. Krein Receives Stock Award from Artisan Partners Asset Management Inc.

Christopher J. Krein, an Executive Vice President at Artisan Partners Asset Management Inc., was awarded 21,188 shares of Class A common stock on March 1, 2024, under the company's 2023 Omnibus Incentive Compensation Plan.

Summary

• On March 1, 2024, Christopher J. Krein, Executive Vice President of Artisan Partners Asset Management Inc., received 21,188 shares of Class A common stock.
• The award was granted under the Artisan Partners Asset Management Inc. 2023 Omnibus Incentive Compensation Plan.
• The awarded shares are subject to vesting restrictions, meaning they cannot be transferred until they have vested.
• Following the transaction, Mr. Krein directly owns 78,576 shares of Class A Common Stock.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. It's a neutral to slightly positive event.

Positives

• The stock award to a key executive suggests the company is incentivizing its leadership.
• The award aligns the executive's interests with those of the shareholders.

Industry Context

Stock awards are a common practice in the asset management industry to attract, retain, and motivate key personnel. These awards align the interests of executives with those of shareholders by incentivizing them to increase the company's value.

Comparison to Industry Standards

• Stock awards are a typical component of executive compensation packages in the asset management industry.
• Companies like BlackRock, T. Rowe Price, and Franklin Resources also utilize stock awards as part of their compensation strategy to align executive incentives with shareholder value.

Stakeholder Impact

• Shareholders may view the stock award positively as it incentivizes the executive to improve company performance.
• Employees may see the award as a sign of the company's commitment to its leadership.

Key Dates