Form 4: T. Rowe Price Non-Executive COB William J. Stromberg Reports Stock Transactions
SEC Form 4
William J. Stromberg, Non-Executive COB of T. Rowe Price Group, reports the withholding of shares to cover taxes on vested Performance Stock Units.
Summary
- On February 28, 2024, William J. Stromberg, Non-Executive COB of T. Rowe Price Group, had 3,558 shares of common stock withheld to cover taxes on vested Performance Stock Units at a price of $110.86.
- Following the transaction, Stromberg directly owns 463,735 shares of common stock.
- Stromberg also indirectly owns 52,000 shares through the 2016 Stromberg Family Trust, 400,000 shares through Lake Shore Partners LLC, and 54,000 shares through The Stromberg Family Foundation.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions. It doesn't convey strong positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and is a standard practice for corporate officers and directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax-related stock withholding.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of stock transaction (shares withheld for taxes) |
| 02/29/2024 | Date of report signature |
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