Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 60

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 60
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—Proposal 4"

| 2025 Proxy Statement | 81 |

RECOMMENDATION OF THE BOARD OF DIRECTORS; VOTE REQUIRED The Board of Directors' Statement in Opposition After careful consideration of this proposal, the Board has concluded that Proposal 4 is not in the best interest of our stockholders. Accordingly, the Board recommends a vote " AGAINST" this proposal for the following reasons:

| • | Our                                                                                                                                       
 stockholders have a detailed picture of our compensation programs, including our severance policies, and they have a number of mechanisms 
 to express their views on the Company's executive compensation program, including an annual advisory vote on Executive Compensation (Say  
 on Pay), a broad stockholder engagement program, and stockholder approval of our equity compensation plans. Another advisory vote is      
 not necessary.                                                                                                                            |

| • | The                                                                                                                                             
 key terms of the proposal are not compatible with the compensation program for our NEOs, which is designed to effectively align our NEOs'       
 interests with stockholder value creation. The proposed limit on compensation does not take into account long-term equity into its formulation, 
 undermining the well-established balance we have achieved in our executive compensation structure.                                              |

| • | Approving                                                                                                                              
 the proposal would put the Company at a competitive disadvantage by limiting the Company's ability to attract, retain and motivate key 
 talent who would want certainty related to their compensation arrangements, with clarity on decision rights related thereto and would  
 be concerned that the stockholders might not approve or renew these arrangements.                                                      |

| • | Our                                                                                                                                      
 Compensation Committee, composed solely of independent directors, is in the best position to structure an effective compensation program 
 that aligns the interests of our NEOs and stockholders. The proposal would unnecessarily limit the Compensation Committee's ability to   
 design and implement effective compensation programs.                                                                                    |

Stockholders have existing mechanisms to express their views on executive compensation. Our stockholders have a detailed picture of our compensation programs and have a number of mechanisms to express their views on the Company's executive compensation program, including through the annual Say on Pay vote. Our Board values the feedback it receives from stockholders through the Annual Meeting and ongoing engagement, and our Board has a demonstrated history of being responsive to such feedback. As described above in the Proxy Statement, in response to our 2024 Say on Pay vote, we received support from approximately 94% of stockholders who voted. In addition, our NEOs' potential termination payments, whether for death, retirement, or involuntary termination without cause