Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 17

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 17
---
 40% and 60%, respectively, of the total compensation paid to our directors. The cash compensation component is based primarily on an annual retainer coupled with fees for committee attendance, lead director role, and committee chair roles. The equity compensation component is in the form of full-value awards and the possibility of electing restricted stock units (RSUs), as further explained below. We believe our total compensation package and compensation structure is comparable to and in line with other major financial services companies. The Nominating and Corporate Governance Committee periodically reviews and considers competitive market practices. In 2024, there were no changes to the compensation program for our non-employee directors. Fees and Other Compensation in 2024 All non-employee directors received the following in 2024:

| • | An                                                          
 annual retainer of $100,000 for all non-employee directors; |

| • | A                                            
 fee of $150,000 for the non-executive chair; |

| • | A                                                  
 fee of $1,500 for each committee meeting attended; |

| • | A                                     
 fee of $15,000 for the lead director; |

| • | A                                                                                        
 fee of $20,000 and $5,000, for the chair of the Audit Committee and each Audit Committee 
 member, respectively;                                                                    |

| • | A                                                           
 fee of $10,000 for the chair of the Compensation Committee; |

| • | A                                                                                  
 fee of $10,000 for the chair of the Nominating and Corporate Governance Committee; |

| • | Directors                                                                                     
 and all U.S. employees of Price Group and its subsidiaries are eligible to have our sponsored 
 T. Rowe Price Foundation match personal gifts up to an annual limit to qualified charitable   
 organizations. For 2024, non-employee directors were eligible to have up to $10,000 matched;  |

| • | The                                                                                         
 reimbursement of reasonable out-of-pocket expenses incurred in connection with their travel 
 to and from, and attendance at, each meeting of the Board and its committees and related    
 activities, including director education courses and materials; and                         |

| • | The                                                                                        
 reimbursement of spousal travel to and from and participation in events held in connection 
 with the annual joint Price Group and Price funds' boards of directors meeting.            |

The annual retainer and fees noted above are prorated for the period of time during the calendar year that each director held the position. Non-employee directors can elect to defer payment of