MacLellan Robert F. 4

What Happened

• Robert F. MacLellan, a director of Price T. Rowe Group, was granted 1,899 restricted stock units (RSUs) on 2026-05-08. The grant is reported as an award (code A) with an acquisition price of $0.00 for reporting purposes.
• The filing values the award using TROW's closing price on 2026-05-08 of $105.33 per share, giving an implied grant value of approximately $200,021.67.

Key Details

• Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (appears timely).
• Reported transaction type/code: Award/Grant (A).
• Shares granted: 1,899 RSUs; reporting shows $0.00 paid (standard for grants).
• Grant valuation: $105.33 per share (closing price on grant date), total ≈ $200,021.67.
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• Footnote: Award issued under the 2017 Non‑Employee Director Equity Plan. Vesting and accrued dividends vest in full and become nonforfeitable upon the earliest of (a) first anniversary of the grant, (b) death, (c) determination of total and permanent disability, or (d) a change in control (vests immediately before and contingent on the change in control).

Context

• This is a routine non‑employee director compensation award (RSUs), not a market purchase or sale, so it generally reflects standard board pay rather than an expressed trading view.
• Because vesting is time‑ and event‑based, the shares are subject to forfeiture until vesting conditions are met.