Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 64

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 64
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's common stock upon Mr.          
 Wilson's separation from the Board.                                                               |
| 16 | Includes                                                                                          
 (i) 34,727 shares that may be acquired by all directors and executive officers as a group         
 within 60 days upon the exercise of stock options, (ii) 8,970 unvested restricted stock awards    
 held by certain directors, (iii) 83,484 vested RSUs held by certain non-employee directors        
 that are vested and will be settled in shares of the Company's common stock upon their separation 
 from the Board, and (iv) 988,620 shares held by family members or in family trusts of certain     
 directors and executive officers.                                                                 |

Delinquent Section 16(a) Reports We believe that all filing requirements to comply with Section 16(a) of the Securities Exchange Act were met during calendar year 2024. Certain Relationships and Related Transactions On October 28, 2021, the Company entered into a transaction agreement (Purchase Agreement) with OHA (together with its affiliated entities) and the holders of equity interests in OHA, including Glenn R. August, a director and executive officer of the Company (Sellers). On December 29, 2021, the Company completed the purchase from the Sellers, for a purchase price of approximately $3.3 billion in the aggregate, including the retirement of outstanding OHA debt, with approximately 74% payable in cash and 26% in shares of the Company's common stock. Upon the satisfaction of certain milestones by the OHA business, Mr. August and the other Sellers would be entitled to receive up to an aggregate of $900 million as part of an earnout payment starting in early 2025 and ending in 2027 (Earnout Payment). The Earnout Payment, if any, will be payable to Sellers if the OHA business generates revenues in excess of certain preset targets during the period commencing January 1, 2022, through December 31, 2026. On December 29, 2021, in connection with the Company's acquisition of OHA, the Company entered into an employment agreement with Mr. August, and also entered into a Value Creation Agreement with Mr. August and certain other senior partners of OHA (Value Creation Agreement). The Value Creation Agreement provides that, promptly following the fifth anniversary of the closing date of the acquisition (Value Creation Date), certain employees of the OHA business, including Mr. August, will receive incentive payments in the aggregate