Form 4: T. Rowe Price Executive Veiel Reports Stock Transfer

T. Rowe Price Vice President Eric L. Veiel reported a transfer of 785 shares of common stock as a gift, while maintaining indirect ownership through family trusts and his spouse.

Summary

• T. Rowe Price Vice President Eric L. Veiel reported a transaction involving the company's common stock.
• On December 13, 2024, Mr. Veiel transferred 785 shares of common stock as a gift.
• The transfer was reported as a disposal with a price of $0.00 per share.
• Following the transaction, Mr. Veiel directly owns 123,959.5081 shares of common stock.
• He also has indirect ownership of 41,910 shares through the 2020 Lori Veiel Family Trust, 53,500 shares through the 2021 Eric Veiel Family Trust, and 4,090 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a neutral report of a routine stock transaction by an executive. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider transactions and is common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, such as T. Rowe Price, and are required by the SEC to ensure transparency of insider trading.
• Similar filings are made by executives at other asset management firms like BlackRock and Vanguard when they trade their company's stock.
• The reporting requirements are consistent across the industry, ensuring a level playing field for investors.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a small transfer of shares by an executive.
• The filing provides transparency to the market regarding insider transactions.

Key Dates

Keywords

T. Rowe Price, stock transfer, insider trading, beneficial ownership, common stock, Form 4, executive, family trust