Verma Richard R. 4

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.