Padiyar Kavita 4

What Happened
Kavita Padiyar, General Counsel & Corporate Secretary of Affiliated Managers Group (AMG), reported exercising/receiving vested equity and then selling shares. On 2026-03-05 awards and derivative conversions vested (acquisitions reported), with 2,282 shares automatically surrendered to the company to satisfy tax withholding at $299.18/share ($682,729). On 2026-03-09 she sold 2,200 shares in the open market at a weighted average price of $278.24 for approximately $612,128.

Key Details

• Transaction dates and amounts:
  • 2026-03-05: Awards/derivative exercise reported (acquisitions of award/converted shares; exercise price reported $0).
  • 2026-03-05: Automatic surrender of 2,282 shares for tax withholding at $299.18/share = $682,729 (coded F: tax withholding).
  • 2026-03-09: Open-market sale of 2,200 shares at weighted avg $278.24 = $612,128 (individual sale prices ranged $278.00–$278.51 per footnote).
• Awards/derivatives involved: filings show exercise/conversion of 2,288 derivative units and awards of 2,426 and 1,191 shares (vested per footnotes).
• Vesting and plan details: Awards reflect vesting of previously reported awards (vesting window 2023–2029) and one award subject to future installments (vests in four equal installments on March 5 of 2027–2030).
• Filing timeliness: Form 4 filed 2026-03-09; transactions dated 2026-03-05 and 2026-03-09 — filing is timely per SEC two-business-day rule.
• Post-transaction ownership: The filing excerpt provided does not state total shares owned following these transactions.

Context

• This sequence indicates a vesting/exercise event followed by automatic share surrender to cover tax withholding (common) and an open-market sale of remaining shares. In plain terms: options/awards vested or were converted into shares, some shares were used to pay taxes, and some shares were sold on the open market. These are routine insider equity-management actions and do not, by themselves, indicate the insider’s view of the company’s outlook.