Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 9

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 9
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 which for the CEO yielded $15.0mm in Annual IncentiveCompensation                                                                                                                                                                                                                                                   |
| Formulaically derive Annual Incentive Compensation payouts (cash and equity)(i)Determine the mix of cash bonus and total long-term equity incentive awards, using a pre-established tieredformula(ii)Allocate the equity awards across performance-based and time-based equity awards, using pre-establishedformulaic allocations                                                                                          |

8

| 2024 Annual Incentive Compensation Determination Results |
| 2024 Performance Assessment Scorecard Results            |

• The Compensation Committee designed each metric based on the objective to pay median compensation for median performance. To the extent that the CEO and other NEOs deliver exceptional business performance, an individual metric will yield a score of greater than 100% (subject to a cap implemented by the Committee of 200% on the achievement of any individual metric and an aggregate notional cap on Total Compensation independent of the weighted score); accordingly, for below-median or below-target performance, as applicable, an individual metric will yield a score of less than 100% • Beginning in performance year 2023, the Committee implemented a threshold on the earnings-related metrics (#1 and #2 on following page), set at 50% of target. In 5 of 9 metrics (#3 – #7), poor performance may yield a score of 0%, indicating a natural threshold value for these metrics. In total, 78% of the scorecard metrics have a pre-set or natural threshold value • The CEO Target Total Payout was confirmed at $13.3 million, the median of the CEO compensation of the Peer Group. Based on the output of the formulaic Performance Assessment scorecard, the final score of 118% was applied to CEO Target Total Payout of $13.3 million, resulting in Annual Incentive Compensation for the CEO of $15.0 million • In 2024, as in previous years, the Compensation Committee further refined the Performance Assessment Scorecard based on shareholder feedback. These adjustments included streamlining the overall number of metrics from 10 to 9, and replacing or refining metrics to continue to reflect the evolution of AMG’s business and align the Performance Assessment with long-term capital allocation decision-making. Taken together, these adjustments did not have a material impact on the overall achievement score • Having calculated the results of the Performance Assessment scorecard, the Committee reviewed the output from the weighted average score applied to the CEO Target Total Payout, which produced total incentive compensation awards for 202