Form 4: T. Rowe Price Executive Reports Gift of Shares to Family Trusts
SEC Form 4 Filing
Eric L. Veiel, a Vice President at T. Rowe Price Group, reports gifting shares to family trusts and his spouse.
Summary
- Eric L. Veiel, a Vice President at T. Rowe Price Group Inc. (TROW), filed a Form 4 detailing changes in his beneficial ownership of company stock.
- On February 24, 2025, Veiel gifted 4,090 shares of common stock to the 2020 Lori Veiel Family Trust and gifted 4,090 shares of common stock from himself.
- Following these transactions, Veiel directly owns 134,384.8212 shares of T. Rowe Price common stock.
- He also indirectly owns 46,000 shares through the 2020 Lori Veiel Family Trust and 53,500 shares through the 2021 Eric Veiel Family Trust, and an unspecified amount through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction itself has minimal direct impact on stakeholders.
- However, transparency in insider transactions builds trust with shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of stock gift transaction |
| 02/25/2025 | Date of signature on the Form 4 filing |
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