Form 4: T. Rowe Price Director MacLellan Acquires Shares Under Equity Plan

Robert F. MacLellan, a director at T. Rowe Price Group, acquired 2,157 shares of common stock under the company's 2017 Non-Employee Director Equity Plan.

Summary

• On May 9, 2025, Robert F. MacLellan, a director of T. Rowe Price Group, acquired 2,157 shares of common stock.
• The acquisition was made under the 2017 Non-Employee Director Equity Plan.
• The shares were issued at a price of $92.74 per share, which was the closing price of TROW shares on that date.
• Following the transaction, MacLellan beneficially owns 45,135.7296 shares of T. Rowe Price common stock.
• The restricted Award Shares will vest in full upon the earliest of several conditions, including the next Annual Meeting, death, disability, or a Change in Control.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it reflects a director's continued investment in the company, signaling confidence. However, it's a routine transaction under an existing equity plan.

Positives

• The acquisition reflects continued director investment in the company.
• The equity plan aligns director interests with shareholder value.

Future Outlook

The vesting of the restricted shares is contingent upon future events, indicating a long-term alignment of the director's interests with the company's performance.

Industry Context

Director share acquisitions are common in the asset management industry and are often seen as a positive signal, indicating confidence in the company's future performance. Equity plans are a standard component of director compensation packages.

Comparison to Industry Standards

• Companies like BlackRock and Franklin Resources also utilize equity-based compensation for their directors.
• Director share ownership is generally viewed positively, aligning management interests with those of shareholders, a common practice across the financial services sector.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders as it signals director confidence.
• There is no significant impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

T. Rowe Price, Director, Equity Plan, Share Acquisition, Form 4, TROW, MacLellan, Beneficial Ownership