Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 41

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 41
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 or eliminate the share of the bonus pool payable to any NEO. Mr. August did not participate in the AICP for 2024, and did not receive an annual bonus payment from the OHA compensation pool for 2024.

| 2025 Proxy Statement | 59 |

The table below shows the maximum payout (in millions) for each NEO who participated in the AICP and the actual bonus awards (in millions) made by the Compensation Committee for 2024 and 2023.

| NAME       |     |         2024 
      MAXIMUM 
       PAYOUT 
 BASED ON THE 
   TOTAL POOL |     |      2024 
    ANNUAL 
 INCENTIVE 
   PAYMENT |     |      2023 
    ANNUAL 
 INCENTIVE 
   PAYMENT |     | 2024       
 PAYMENT    
 PERCENTAGE 
 CHANGE     
 OVER 2023  |
| Robert     
 W. Sharps  |     |        $15.4 |     |      $9.5 |     |      $7.3 |     | 30.4%      |
| Jennifer   
 B. Dardis  |     |       $  7.7 |     |      $2.5 |     |      $2.2 |     | 14.9%      |
| Josh       
 B. Nelson1 |     |       $  9.0 |     |      $4.6 |     |           |     |            |
| Eric       
 L. Veiel   |     |        $12.9 |     |      $6.3 |     |      $5.5 |     | 14.5%      |

1Mr. Nelson did not participate in the AICP in 2023. Consistent with past practice, the Compensation Committee exercised negative discretion and awarded less than the maximum payout to the NEOs above. Exercising negative discretion maintains alignment between the bonus amounts paid to the NEOs and bonuses and compensation paid at our competitors. For the NEOs who participate in the AICP, the Compensation Committee has the power to authorize additional annual incentive compensation or bonuses outside the AICP but did not do so in 2024. Long-Term Variable Incentive Compensation Equity Awards Generally, long-term equity awards are split equally between performance-based and time-based awards to our NEOs. Grants to Messrs. Sharps, Nelson, and Veiel and Ms. Dard