Form 4: T. Rowe Price Director Mark S. Bartlett Reports Acquisition of Common Stock

Director Mark S. Bartlett reported acquiring 1,794 shares of T. Rowe Price Group Inc. common stock on May 8, 2024.

Summary

• On May 8, 2024, Mark S. Bartlett, a director of T. Rowe Price Group Inc., acquired 1,794 shares of common stock.
• The acquisition was made under the 2017 Non-Employee Director Equity Plan.
• The shares were issued at a price of $111.49 per share, which was the closing price of TROW shares on that date.
• Following the transaction, Bartlett directly owns 31,207 shares of T. Rowe Price common stock.
• The restricted Award Shares will vest upon the earliest of several conditions: the day before the next Annual Meeting, death, total and permanent disability, or a Change in Control.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a routine transaction (stock grant to a director) which signals confidence but doesn't represent a major event.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The vesting of the restricted shares is tied to future events, including the next Annual Meeting, death, disability, or a Change in Control.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in the financial services industry.

Comparison to Industry Standards

• Director equity grants are a common practice in the financial services industry to align the interests of directors with those of shareholders.
• The terms of the 2017 Non-Employee Director Equity Plan are likely comparable to similar plans at peer companies such as BlackRock, Franklin Resources, and Capital Group.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates