Company: TROW
Filing Date: 2025-02-14
Form Type: 10-K
Source: 0001113169-25-000007
Chunk: 92

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-02-14
Form: 10-K
Item: Item 5
Chunk 92
---
Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.

Our common stock ($0.20 par value per share) trades on the NASDAQ Global Select Market under the symbol TROW. Dividends per share during the past two years were:

1stquarter2ndquarter3rdquarter4thquarter2024$1.24 $1.24 $1.24 $1.24 2023$1.22 $1.22 $1.22 $1.22 

See Part III, Item 12. "Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters" for information relating to shares authorized for issuance under our equity compensation plans.

The following table presents repurchase activity during the fourth quarter of 2024.

MonthTotal number ofshares purchasedAverage pricepaid per shareTotal number ofshares purchased aspart of publiclyannounced program(1)Maximum number ofshares that may yetbe purchased underthe programOctober3,951 $110.30 — 4,000,489 November17,125 $121.70 — 4,000,489 December630,014 $115.36 623,136 18,377,353 Total651,090 $115.50 623,136 (1) In March 2020 the Board approved a share repurchase program of approximately 24.1 million shares and in December 2024, the Board approved an increase to the program of approximately 15.0 million shares. The share repurchase program does not have an expiration date.

Shares repurchased by us in a quarter may include repurchases conducted pursuant to publicly announced board authorizations, outstanding shares surrendered to the firm to pay the exercise price in connection with swap exercises of employee stock options and shares withheld to cover the minimum tax withholding obligation associated with the vesting of restricted stock awards. Of the total number of shares purchased during the fourth quarter of 2024, 27,954 were related to shares surrendered in connection with employee stock option exercises and none were related to shares withheld to cover tax withholdings associated with the vesting of restricted stock awards. 

The following table details the changes in and status of the Board of Directors’ outstanding publicly announced authorization.

Authorization dates12/31/2023Additional shares authorizedTotal number of