Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 35

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 35
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 BlueMountain Capital Management, LLC) from 2017 to2021. Earlier in her career, Ms. Ritchea served in investment banking and strategy roles at each of CreditSuisse Group AG, Barclays Capital Inc., and Lehman Brothers Inc. Ms. Ritchea received a B.S. in BusinessAdministration from Carnegie Mellon University. |
| Kavita PadiyarGeneral Counsel andCorporate Secretary    |  42 | Ms. Padiyar is AMG’s General Counsel and Corporate Secretary, and oversees public company activities,corporate legal matters, and the Company’s regulatory, compliance, and human capital functions. Prior tojoining AMG in 2011, Ms. Padiyar was a Corporate Associate at Ropes & Gray LLP, focusing on corporatematters, including investment management and debt financing. Ms. Padiyar received a B.A. in English andSociology from the University of Michigan, and a J.D. from Harvard Law School.                                                                                                                                                                                                                                                                                                   |

| Jay C. HorgenPresident and Chief ExecutiveOfficer | Thomas M. WojcikChief Operating Officer | Rizwan M. JamalManaging Director, AffiliatePartnerships | Dava E. RitcheaChief Financial Officer | Kavita PadiyarGeneral Counsel and CorporateSecretary |

26

COMPENSATION DISCUSSION AND ANALYSIS This section provides discussion and analysis of our executive compensation program, including the elements of executive compensation, the 2024 compensation results, the rationale and process for reaching these results, and our compensation governance policies. The compensation results discussed are those of our President and Chief Executive Officer, Jay C. Horgen, and the other named executive officers. The Compensation Committee designs the executive compensation program to align management incentives with long-term stockholder interests, and we have a demonstrated history of integrating shareholder feedback into our executive compensation program for more than a decade. Since 2021, the Committee has determined variable performance-based incentive awards for our named executive officers, based on objective, pre-set financial and strategic metrics, in consultation with our independent compensation consultant, Semler Brossy Consulting Group, LLC (our “Compensation Consultant”), and over the past three years the Committee has continued to integrate shareholder feedback in enhancing the program. The overall result has been a formulaic compensation program incorporating an objective, quantitative set of metrics increasingly weighted toward financial measures over time, with increasingly long-duration incentive awards to be delivered based on drivers of shareholder value creation in which AMG management plays a critical role. In 2024,