Verma Richard R. 4
4 · PRICE T ROWE GROUP INC · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Price T Rowe (TROW) Director Richard Verma Receives Award
What Happened Richard R. Verma, a director of Price T Rowe Group (TROW), was granted 1,899 restricted stock units (RSUs) on May 8, 2026. The Form 4 reports the acquisition code A (award/grant) with an acquisition price of $0 (standard for RSUs); the filing footnote values the award at the closing share price on May 8 ($105.33), implying an economic value of roughly $200,021.67. This is an equity compensation award (not an open‑market purchase or sale) and will vest only under the plan's conditions.
Key Details
- Transaction date: 2026-05-08; Form 4 filed: 2026-05-11 (filed within normal Form 4 timing).
- Reported transaction type/code: A = Award/Grant; Form shows $0 acquisition price because these are RSUs.
- Grant value per footnote: 1,899 RSUs × $105.33 closing price = ~$200,021.67.
- Shares owned after transaction: Not stated in the provided filing excerpt.
- Vesting/forfeiture: Per the 2017 Non‑Employee Director Equity Plan (footnote F1), the RSUs and accrued dividends vest and become nonforfeitable upon the earlier of: the day before the next annual meeting following the grant year, death, determination of total and permanent disability, or immediately prior to and contingent on a Change in Control.
- Plan: Issued under the 2017 Non‑Employee Director Equity Plan.
Context This award is routine director compensation (RSUs) and not an open‑market purchase or sale. Such grants compensate non‑employee directors and typically vest over time or on specified events; they do not by themselves indicate insider buying or selling intent.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-08+1,899→ 4,835.292 total
Footnotes (1)
- [F1]Pursuant to the 2017 Non-Employee Director Equity Plan, this Restricted Stock Unit shares was issued at $105.33 per share, the closing price of TROW shares on May 8, 2026. The forfeiture provisions of the Stock Unit Shares and all accrued dividends attributed to such Stock Unit Shares, will vest in full and become nonforfeitable upon the earliest of the following dates: (a) the day immediately prior to the Annual Meeting that occurs in the next calendar year following the year in which the Award Shares were granted as reflected on the Notice, (b) date of death, (c) the date on which it has been determined that the award holder suffered, a Total and Permanent Disability, or (d) the date on which a Change in Control occurs, in which case the vesting will take place immediately before and contingent upon the occurrence of the Change in Control.