Palandjian Tracy P. 4

What Happened

• Tracy P. Palandjian, a director of Affiliated Managers Group, Inc. (AMG), exercised options to acquire 2,958 AMG shares on 2026-06-12. The exercise cost is shown as $82.07 per share (total ~$242,763).
• To satisfy tax withholding, 685 shares were surrendered/disposed at an implied value of $354.62 per share (total ~$242,915). One additional derivative line shows 2,958 shares reported with a $0.00 price (reported as a derivative disposition), which is part of the exercise/conversion reporting.
• Net result: 2,958 shares acquired minus 685 shares withheld = 2,273 net shares retained from the transaction (based on the reported lines).

Key Details

• Transaction date(s): 2026-06-12; filing date: 2026-06-15 (Form 4 filed timely).
• Exercise: 2,958 shares acquired at $82.07 per share (code M) — ~$242,763 total.
• Tax/payment: 685 shares disposed/withheld at $354.62 per share (code F) — ~$242,915 total.
• Additional derivative reporting: 2,958 shares reported as disposed at $0.00 (code M); reflects conversion/exercise reporting on the Form 4.
• Shares owned after transaction: not specified in the provided filing details.
• Filing timeliness: filing appears timely (transaction 6/12, Form 4 filed 6/15).

Context

• This is an option exercise with shares withheld to cover tax obligations (common cashless exercise / share-withholding practice). Such routine exercises and tax-withholdings are administrative and do not, by themselves, indicate a change in the insider’s view of the company.
• Codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share surrender).