Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 51

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 51
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 Savings Plan. Under the Supplemental Savings Plan, beginning in 2021, certain senior officers    
 have the opportunity to defer receipt of up to the lesser of (i) 50% of their cash incentive     
 compensation earned for a respective calendar year during which services are provided or         
 (ii) $2 million. Prior to 2021, these senior officers had the opportunity to defer receipt       
 up to 100% of their cash incentive compensation earned for a respective calendar year during     
 which services were provided. Mr. August was not eligible to participate in the Supplemental     
 Savings Plan for 2024.                                                                           |

| 2 | Each                                                                                             
 participant has the ability to allocate their account balance across a number of Price funds     
 and the flexibility to rebalance their account as often as they would like. The amounts deferred 
 are adjusted daily based on the investments chosen by the participant and, therefore, are        
 not above market or preferential. As such, the earnings reported in this column are not included 
 in the Summary Compensation Table.                                                               |

Potential Payments on Termination or Change in Control All agreements for stock options and stock awards granted to associates from our equity incentive plans include provisions that may result in vesting acceleration of outstanding equity awards in connection with a change in control of Price Group or upon the grantee’s death or termination of employment due to total disability. See the “Post-employment Payments” section of the CD&A for more details on these vesting acceleration provisions. Assuming that an event caused the acceleration of vesting of all outstanding restricted stock units on December 31, 2024, the amount that would be realized upon the vesting of restricted stock units held by our NEOs together with the exercise of outstanding vested stock options are shown in the table below. In addition, all agreements for stock options and stock awards granted on and after December 11, 2018, include a provision that allows for continued vesting following the grantee’s date of termination for a period of 24, 36, or 60 months based on one of three different combinations of age and service requirements. Agreements for awards granted to associates on or after December 7, 2021, include a provision that allows for continued vesting following the grantee’s date of termination for a period of 60 months based on the participant reaching a combined age and service of 65, with a minimum age of 55 and minimum service of five years. As of December 31, 2024, no NEO meets the post-se