Form 4: T. Rowe Price Vice President Andrew Thomson Exercises Stock Options and Sells Shares
SEC Form 4 Filing
Andrew Justin Mackenzie Thomson, a Vice President at T. Rowe Price Group, exercised stock options and sold shares on September 6, 2024.
Summary
- On September 6, 2024, Andrew Justin Mackenzie Thomson, a Vice President at T. Rowe Price Group Inc., exercised stock options to acquire 11,969 shares of common stock at a price of $77.2445 per share.
- Simultaneously, Thomson sold 11,969 shares of common stock at a weighted average price of $102.8261, with prices ranging from $102.36 to $103.14.
- Following these transactions, Thomson directly owns 123,624 shares of T. Rowe Price common stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which are common among corporate executives. It provides transparency to investors regarding the trading activities of company insiders.
Comparison to Industry Standards
- Form 4 filings are standard practice and are required by the SEC for corporate insiders.
- Similar filings are made by executives at comparable asset management firms like BlackRock, Franklin Resources, and Capital Group.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 09/09/2014 | Grant date of the stock option, which vests 20% annually over 5 years beginning on 12/10/2015. |
| 12/10/2015 | Start date for the annual vesting of the stock option. |
| 09/06/2024 | Date of the transaction: exercising stock options and selling shares. |
| 09/09/2024 | Date of signature on the Form 4 filing. |
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