Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 52

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 52
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 December 31, 2025, and over a five-year measurement period ending on December

31, 2027, respectively. If Average ROE is below 10% for each of the three- or five-year measurement periods, no shares underlying the

applicable initial award will be issued and distributed. If Average ROE is between 10% and 22% for each of the three- or five-year

measurement periods, a ratable portion between 40% and up to a maximum of 150% of the shares underlying the applicable initial award

will be issued and distributed, with 100% of the shares underlying the applicable initial award issued and distributed if an Average ROE of

between 16% and 17% is achieved. The grant date fair value of each of the 2022 Long-Term Performance Achievement Awards (three-year

cliff vesting) and 2022 Long-Term Performance Achievement Awards (five-year cliff vesting) assumes that the midpoint level of Average ROE

will be achieved.

(5) Represents the aggregate grant date fair value (computed in accordance with FASB ASC Topic 718) of the following equity incentive awards

consisting of restricted stock units granted under the 2020 Stock Plan in March 2022 in recognition of performance in 2021: (i) 2021 Long-

Term Deferred Equity Awards granted to Mr. Horgen, Mr. Wojcik, and Mr. Jamal with grant date fair values of $2,770,000, $1,180,000, and

$1,700,000, respectively, and (ii) 2021 Long-Term Performance Achievement Awards granted to Mr. Horgen, Mr. Wojcik, and Mr. Jamal with

grant date fair values of $4,155,000, $1,770,000, and $2,550,000, respectively. The portions of the 2021 Long-Term Performance

Achievement Awards that will be eligible to vest will be determined based on the Company’s level of achievement measured against pre-

established performance targets measuring the Company’s Average ROE over a three-year measurement period ending on December 31,

2024. If Average ROE is below 10% for the measurement period, no shares underlying the initial award will be issued and distributed. If

Average ROE is between 10% and 25% for the measurement period, a ratable portion between 20% and up to a maximum of