Form 4: T. Rowe Price Director Alan D. Wilson Reports Stock Acquisitions

Director Alan D. Wilson reports acquisition of T. Rowe Price Group Inc. common stock and stock units.

Summary

• Alan D. Wilson, a director of T. Rowe Price Group Inc., reported acquiring 327.2677 shares of common stock on June 27, 2024, at a price of $115.43 per share.
• These shares were acquired pursuant to the T. Rowe Price Group, Inc. 2017 Non-Employee Director Equity Plan, related to dividends declared on the company's common stock.
• A portion of these shares were credited as fully-vested dividend reinvestment shares, and another portion will vest when the corresponding grant vests.
• On June 28, 2024, Wilson also acquired 577 stock units under the same equity plan at a price of $115.31 per share, the closing price of TROW shares on that date.
• These stock units and any future dividends attributed to them will vest in full and become nonforfeitable on the date of grant.
• Following these transactions, Wilson's direct ownership of T. Rowe Price common stock is 31,369.1923 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's stock acquisitions reflect confidence in the company, but it's a routine transaction.

Positives

• The acquisitions reflect continued participation in the company's equity plan by a director.
• Dividend reinvestment indicates confidence in the company's future performance.

Future Outlook

The report does not contain specific forward-looking statements, but it implies continued participation in the equity plan.

Industry Context

Director stock acquisitions are common and often viewed positively as they align management's interests with those of shareholders. This filing is a routine disclosure related to equity compensation.

Comparison to Industry Standards

• Director equity compensation is a standard practice among publicly traded companies like T. Rowe Price.
• Companies such as BlackRock and Franklin Resources also utilize equity-based compensation plans for their directors.
• The specific amounts and terms of these plans vary, but the underlying principle of aligning director interests with shareholder value is consistent.

Stakeholder Impact

• The stock acquisitions may have a minor positive impact on shareholder sentiment.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates