Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 66

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 66
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 period, effective as of the cessation of Ms. Atkinson’s service on the Board of Directors following the 2024 Annual Meeting, the Compensation Committee approved the acceleration of all of Ms. Atkinson’s outstanding and unvested restricted stock unit awards and stock options to the extent outstanding for at least one year at the time of such cessation of service.

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(6) Effective as of Mr. Jeffery’s retirement from the Board of Directors on January 30, 2025, consistent with the Compensation Committee’s intent for unvested equity awards of a retiring director granted prior to the Compensation Committee’s revisions to the director compensation program in January 2024 (i.e., providing for one-year vesting of equity awards), the Compensation Committee approved the acceleration of all of Mr. Jeffery’s outstanding and unvested restricted stock unit awards and stock options granted to Mr. Jeffery prior to 2024 (other than those that accelerated automatically pursuant to the terms of such awards), and extended the exercise period for his outstanding stock options until the second anniversary of the date of his retirement. Severance and Potential Termination and Change in Control Compensation and Benefits We do not have individual change in control agreements with any named executive officer or director, and possible changes in control are addressed through the acceleration of vesting of equity in specific circumstances. Upon the participant’s death or disability, or a change in control of the Company, outstanding equity awards vesting pursuant to the Company’s incentive plans would be accelerated for our named executive officers, as well as for our employees, provided that in the event of a change in control there was also a termination of employment without cause or for good reason (i.e., a “double trigger”). In the event of the participant’s death or disability, or a change in control (assuming that the double trigger has been met), as of 2024 year-end, awards held by our current named executive officers would have accelerated as set forth below. Additionally, upon a participant’s Retirement, provided the participant meets applicable criteria, the participant’s qualifying awards would continue to vest post- termination in accordance with the original schedule, and qualifying stock option awards would remain exercisable until the earlier of two years following exercisability or the original expiration date, in each case, subject to any applicable performance conditions and compliance with certain covenants. Further, in the event of the participant’s termination of employment other than for cause or by the participant for good reason, the participant’s non-retirement eligible, qualifying cliff-vesting performance