Form 4: T. Rowe Price Director Robert Stevens Reports Stock Acquisitions

Director Robert Stevens reports acquisition of T. Rowe Price Group Inc. stock and stock units.

Summary

• Robert Stevens, a director of T. Rowe Price Group Inc., reported acquiring shares of common stock on June 27, 2024, through dividend reinvestment under the 2017 Non-Employee Director Equity Plan.
• He acquired 174.3249 shares at $115.43 per share, resulting in a total direct ownership of 16,402.0082 shares.
• On June 28, 2024, Stevens also acquired 512 stock units under the same plan at a price of $0.00, increasing his direct ownership to 16,914.0082 shares.
• The stock units were issued for Director Fee Awards at $115.31 per share, the closing price of TROW shares on June 28 2024.
• The Stock Unit Shares and any future dividends attributed to such Director Fee Award, will vest in full and become nonforfeitable on the date of grant.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects insider confidence through stock acquisitions, but it's a routine transaction.

Positives

• The acquisitions reflect continued participation in the company's equity plan by a director.
• The stock units vest in full and become nonforfeitable on the date of grant.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, which is common in the financial services industry.

Stakeholder Impact

• The transactions may have a minor positive impact on shareholder confidence due to insider stock purchases.

Key Dates