Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 63

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 63
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 and lead directors) at such companies, and on trends in director compensation. In determining compensation levels for the Company’s independent directors for 2024, the Compensation Committee deemed it appropriate that overall compensation be at or near the median in comparison to directors at public companies within our Peer Group, with equity compensation linked to shareholder value proportionately higher on a relative basis, which is reflected in the compensation paid in 2024. Further, consistent with current best practices, our 2020 Stock Plan sets a cap on equity awards granted to any independent director in any calendar year of a maximum total grant date fair value of $500,000. The table below sets forth the current annual compensation levels for AMG’s independent directors. The Chair of each committee receives the annual Chair fee in lieu of the committee fee. Directors do not receive additional fees for attending meetings. All equity awards are granted in accordance with the terms of the Company’s equity grant policy. Vesting of the awards is deferred over a one-year period. In July 2024, the Board of Directors approved a $20,000 increase in the base annual cash fee for all directors, effective for fiscal year 2024, at the recommendation of the Compensation Consultant and the Compensation Committee, bringing our annual cash fees in line with industry peers.

| Annual Compensation for Independent Directors             |     |          |
| Board of Directors                                        |     |          |
| Annual Equity Awards – Restricted Stock Units             |     | $200,000 |
| Board Chair Annual Fee – Restricted Stock Units           |     |  100,000 |
| Base Annual Fee – Cash                                    |     |  100,000 |
| Committee Fees — Cash                                     |     |          |
| Audit Committee Membership Annual Fee                     |     |  $20,000 |
| Audit Committee Chair Annual Fee                          |     |   35,000 |
| Compensation Committee Membership Annual Fee              |     |   17,000 |
| Compensation Committee Chair Annual Fee                   |     |   20,000 |
| Nominating and Governance Committee Membership Annual Fee |     |   17,000 |
| Nominating and Governance Committee Chair Annual Fee      |     |   20,000 |

46

Director Compensation in Fiscal Year 2024 The following table sets forth information regarding the compensation earned by the Company’s independent directors in 2024. For compensation information with respect to Mr. Horgen and his services as the Company’s President and Chief Executive Officer, please see the Summary Compensation Table and other accompanying compensation