Form 4: T. Rowe Price VP Sebastien Page Awarded 8,861 Shares

T. Rowe Price Group Inc. Vice President Sebastien Page was awarded 8,861 shares of common stock following the certification of performance-based restricted stock awards.

Summary

• Sebastien Page, Vice President of T. Rowe Price Group Inc., was awarded 8,861 shares of common stock.
• The award was granted on February 13, 2026, at a price of $0.00 per share, indicating a non-cash compensation.
• This transaction increased Page's direct beneficial ownership to 75,627 shares.
• The shares are performance-based restricted stock awards, with performance thresholds certified by the Executive Compensation and Management Development Committee.
• The awarded shares will vest in two equal annual installments, beginning on December 10, 2026.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a positive indicator of management's performance and alignment with shareholder interests, as the award is tied to certified performance thresholds, reflecting successful execution of company goals.

Positives

• Certification of performance thresholds for restricted stock awards indicates successful achievement of company goals.
• The award of 8,861 shares to a Vice President aligns management incentives with shareholder interests, promoting long-term value creation.

Future Outlook

The awarded shares are scheduled to vest in two equal annual installments, with the first installment beginning on December 10, 2026, indicating future share distribution based on past performance achievements.

Industry Context

StockSavvy.ai notes that performance-based restricted stock awards are a common practice in the asset management industry, aligning executive compensation with long-term company performance and shareholder value creation. This type of award incentivizes executives to meet specific operational or financial targets, fostering a performance-driven culture.

Comparison to Industry Standards

• Performance-based restricted stock awards are a standard compensation practice across the financial services industry, similar to those seen at major competitors like BlackRock, Vanguard, and Fidelity, aiming to retain key talent and align executive interests with long-term company success.
• The vesting schedule of two equal annual installments is typical for such awards, providing a staggered incentive structure that encourages sustained performance over multiple periods.

Corporate Governance

Stakeholder Impact

• Shareholders: Positive, as executive compensation is directly tied to performance, potentially leading to better long-term company results and increased shareholder value.
• Employees: May signal a healthy performance culture within the company, where achieving set goals is recognized and rewarded.

Next Steps

• The awarded shares will vest in two equal annual installments, with the first installment commencing on December 10, 2026.

Key Dates

Recommendation

This Form 4 reports a routine performance-based stock award to an executive, which is a positive sign of management alignment and performance. However, it does not provide new fundamental information about the company's financial health or strategic direction that would warrant a change in investment recommendation. It reinforces a 'hold' position for investors already in TROW, as it indicates business as usual with successful execution of compensation plans.

Keywords

T. Rowe Price, TROW, Sebastien Page, Insider Trading, Stock Award, Restricted Stock, Performance Award, Executive Compensation, SEC Form 4