Verma Richard R. 4

What Happened
Richard R. Verma, a director of T. Rowe Price Group, Inc. (TROW), received an award of 42.258 shares on 2026-03-30. The filing reports a per-share value of $89.03, for a total reported value of about $3,762. This was an award/grant (transaction code A), not an open-market purchase or sale — a form of director compensation rather than a market trade.

Key Details

• Transaction date: 2026-03-30; filing date: 2026-03-31 (timely).
• Shares/amount: 42.258 shares at $89.03 each; total ≈ $3,762.
• Transaction type: A = Award/Grant (dividend-related accrual).
• Shares owned after transaction: Not reported in the Form 4 provided.
• Footnote: These shares are pursuant to the T. Rowe Price 2017 Non-Employee Director Equity Plan and represent dividend equivalents that will be accrued and vest when the corresponding grant vests.

Context
Dividend-equivalent awards for non-employee directors are routine compensation and are typically administrative/benefit-related rather than a direct signal about the director’s view of the stock. The dollar amount here is relatively small (~$3.8k). For investors focused on insider activity, outright purchases are usually more indicative of bullish sentiment than routine awards.