Form 4: T. Rowe Price COO Kimberly Johnson Sells Shares to Cover Tax Obligations

T. Rowe Price Group COO and VP Kimberly Johnson sold 1,617 shares of common stock on December 10, 2024, to cover tax obligations.

Summary

• Kimberly Johnson, the COO and VP of T. Rowe Price Group Inc., sold 1,617 shares of common stock on December 10, 2024.
• The sale was executed at a price of $123.59 per share.
• Following the transaction, Ms. Johnson directly owns 49,763.325 shares of T. Rowe Price common stock.
• The transaction was a sale to cover tax obligations.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction, not indicative of positive or negative sentiment. It's a standard executive stock sale for tax purposes.

Industry Context

This is a routine transaction for executives to manage their tax obligations related to stock-based compensation. It is common for executives to sell shares periodically.

Comparison to Industry Standards

• Executive stock sales are a common practice across the financial industry, particularly around vesting periods or to cover tax liabilities.
• Many executives at comparable firms such as BlackRock, Vanguard, and State Street also regularly engage in similar transactions.
• These transactions are typically disclosed through SEC filings, ensuring transparency and compliance with regulations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale by an executive.
• There is no impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

T. Rowe Price, Kimberly Johnson, stock sale, insider trading, executive transaction, COO, TROW