Ryan David Christopher 4

What Happened Ryan David Christopher, a director of Affiliated Managers Group, Inc. (AMG), reported derivative transactions dated March 5, 2026. The Form 4 shows an exercise/conversion of derivatives for 867 shares (reported both as acquired and disposed at $0) and a separate grant/award acquisition of 335 shares (reported at $0). No cash amounts are shown for these entries.

Key Details

• Transaction date: March 5, 2026; Form 4 filed March 9, 2026 (filed within the usual 2-business-day window).
• Entries: M (exercise/conversion of derivative) — 867 shares acquired and 867 shares disposed, $0. A (award/grant) — 335 shares acquired, $0.
• Shares owned after the transactions: not specified in the provided excerpt.
• Footnotes:
  • F1: Reflects vesting of previously reported awards; awards vest 2023–2027.
  • F2: Inclusive of previously reported deferred stock units.
  • F3: Each stock unit equals a right to one share upon vesting; those stock units vest in full on March 5, 2027.
• No 10b5-1 plan, tax-withholding, or late-filing flag was reported in the provided data.

Context

• Code M indicates an exercise or conversion of a derivative security (e.g., options or vested units); the paired "disposed" entry at $0 often reflects a conversion or internal offset rather than a market sale for cash. Code A is a grant/award of shares or stock units.
• Because all entries report $0 consideration, these look like vesting/conversion events and awards rather than open-market purchases or cash sales; such internal actions are common for executives and directors and do not by themselves indicate a buy/sell market sentiment.