Affiliated Managers (AMG) Director Tracy Palandjian Exercises & Disposes 848 Shares

What Happened

• Tracy P. Palandjian, a director of Affiliated Managers Group, Inc. (AMG), reported the exercise/conversion of derivative awards (transaction code M) for 848 shares on 2026-08-15. The filing shows 848 shares were acquired at $0.00 and 848 shares were disposed at $0.00.
• The reported per-share price for both lines is $0.00, and the filing records no cash value for these specific transaction lines. Footnote F1 indicates these transactions reflect the vesting of previously reported awards (vesting period 2023–2027).

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-18.
• Reported prices: $0.00 per share for both the acquisition and disposal lines.
• Shares after transaction: not specified in the excerpt provided; the filing notes holdings are inclusive of previously reported deferred stock units (F2).
• Notable footnotes:
  • F1: Reflects vesting of previously reported awards; awards vest 2023–2027.
  • F2: Holdings are inclusive of previously reported deferred stock units.
• Filing timeliness: no late-filing flag provided in the data you shared.

Context

• Transaction code M generally indicates an option exercise or similar derivative conversion. Here, the filing shows the derivative vested/converted into 848 shares and those same shares were immediately disposed of per the filing lines.
• Immediate disposition after conversion is commonly a procedural step (for example, to satisfy tax withholding or as a cashless exercise), but the filing does not state the reason. These entries do not, by themselves, indicate a clear bullish or bearish signal.