FRANQUI ANNETTE 4

What Happened Annette Franqui, a director of Affiliated Managers Group, Inc. (AMG), converted (exercised) 548 derivative units into 548 shares on March 5, 2026 and simultaneously disposed of 548 shares. She also was granted/acquired 335 stock units (derivative award) on the same date. All reported transactions show a $0.00 per-share price (no cash price reported).

Key Details

• Transaction date: March 5, 2026. Filing date: March 9, 2026 (filed within required timeframe).
• Exercise/conversion (code M): 548 shares acquired at $0.00 and 548 shares disposed at $0.00 (derivative conversion and concurrent disposition).
• Grant/award (code A): 335 stock units acquired at $0.00 (derivative).
• Shares owned after the transactions: not specified in the Form 4 filing.
• Footnotes:
  • F1: Reflects the vesting of a previously reported award — the award vested in 2026.
  • F2: Each stock unit represents a right to receive one share upon vesting; the 335 stock units vest in full on March 5, 2027.
• No purchase price or cash value is reported for these transactions.

Context

• The M-code transactions indicate an exercise or conversion of derivative awards into common stock; the simultaneous disposal suggests the converted shares were not retained, but the filing does not state the reason (e.g., sale, tax withholding).
• The A-code award is a stock unit grant (deferred/vesting equity). Such awards typically vest later and are not an open-market purchase — they reflect compensation or long-term incentives rather than an immediate bullish purchase signal.