Form 4: T. Rowe Price Director Rominger Receives Stock Award

Director Eileen P. Rominger receives 2,157 shares of T. Rowe Price stock under the company's Non-Employee Director Equity Plan.

Summary

• Eileen P. Rominger, a director at T. Rowe Price Group, Inc., received 2,157 shares of common stock on May 9, 2025.
• The shares were awarded under the 2017 Non-Employee Director Equity Plan at a price of $92.74 per share, which was the closing price of TROW shares on that date.
• Following the transaction, Rominger beneficially owns 8,968 shares of T. Rowe Price common stock.
• The awarded shares are subject to forfeiture provisions that will vest upon the earliest of several conditions, including the next annual meeting, death, disability, or a change in control.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock award to a director) and is generally neutral to positive, indicating alignment of interests between the director and shareholders.

Positives

• The stock award aligns the director's interests with those of the shareholders.
• The vesting conditions encourage continued service and commitment to the company.

Industry Context

Director stock awards are a common practice in publicly traded companies to incentivize and align the interests of board members with shareholders.

Comparison to Industry Standards

• Stock awards to non-employee directors are a standard component of compensation packages in the financial services industry.
• Companies like BlackRock, Franklin Resources, and Capital Group also utilize equity-based compensation for their directors.
• The specific amount and vesting terms can vary based on company size, performance, and individual director contributions.

Stakeholder Impact

• The stock award aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• The award does not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

T. Rowe Price, Director, Stock Award, Equity Plan, Beneficial Ownership, Form 4, Rominger