Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 42

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 42
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                                  $5.8 |

For 2024, Annual Incentive Compensation for our Chief Executive Officer was capped at $17.5 million. The cap was unchanged from that set by the Committee in prior years. For 2024, the Target Total Payouts set for each other named executive officer was informed by the median of comparable roles at Peer Group companies, other industry benchmark data as advised by the independent Compensation Consultant, and the individual executive’s role, responsibilities, and tenure at the Company. In the case of Mr. Wojcik, Chief Operating Officer, the Target Total Payout reflected his new role and responsibilities as Chief Operating Officer beginning April 1, 2024, including leadership in capital formation and strategic execution in 2024, in addition to serving as Chief Financial Officer through March 2024. Ms. Ritchea joined the Company on April 1, 2024 as Chief Financial Officer, and the Target Total Payout reflected leadership in finance, capital management, and shareholder engagement since joining the Company. Ms. Padiyar was promoted to General Counsel on April 1, 2024, and the Target Total Payout reflected leadership in public company activities and corporate legal and regulatory matters. For Mses. Ritchea and Padiyar, the result of the Performance Assessment was applied to 75% of the total payout of Annual Incentive Compensation, given Ms. Ritchea’s hire date and Ms. Padiyar’s promotion date. For Mr. Jamal, Head of Affiliate Partnerships during 2024, the total payout of Annual Incentive Compensation reflected leadership in growth investments, across both new and existing Affiliates in 2024, and contemplated his upcoming retirement and reduced role. Consistent with prior years, the Compensation Committee applied a cap on Annual Incentive Compensation for each of our Chief Operating Officer, Head of Affiliate Partnerships, Chief Financial Officer, and General Counsel of $10.0 million.

32

| Calculate Performance Assessment scoring after year-endUpon completion of annual external audit, Performance Assessment score is finalized viaweighted achievement levels of individual metrics (score of 100% implies median performance) | 118% |

The following table displays the 2024 targets and 2024 actual results for each individual metric considered in the Compensation Committee’s scorecard assessment. The scorecard was designed based on financial and strategic metrics that are expected to drive the performance of the business and share price over time. The Committee implemented a cap of 200% on the