Company: MGRE
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0001004434-25-000021
Chunk: 65

Company: AFFILIATED MANAGERS GROUP, INC.
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 65
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 service through the vesting date (with certain limited exceptions in the case of death, disability, or certain terminations, including retirement). The number of restricted stock units subject to each award is determined based on the fair market value of the Company’s common stock on the applicable grant date, with each stock unit representing the right to receive one share of the Company’s common stock. Restricted stock unit awards participate in cash dividends declared by the Company, the payment of which is deferred until delivery of the shares and is forfeited if the requisite service period is not satisfied. As of December 31, 2024, the aggregate unvested portion of restricted stock units (measured in shares of common stock) held by the independent directors then serving on the Board of Directors was as follows: Lady Alvingham: 3,284; Mr. Churchill: 4,645; Ms. Franqui: 664; Mr. Jeffery: 3,884; Dr. Matos Rodríguez: 3,281; Ms. Palandjian: 3,357; Mr. Ryan: 3,062; Mr. Starr: 1,596. Following Mr. Jeffery’s retirement from the Board of Directors on January 30, 2025, in accordance with the terms of the respective award agreements, his unvested restricted stock units under his annual equity awards for 2024 were forfeited, and his additional equity awards representing the annual Board Chair fee for 2024 qualified for retirement treatment and will continue to vest. (3) No stock option awards were granted to independent directors in 2024. As of December 31, 2024, the number of shares of common stock subject to stock options held by each of the independent directors then serving on the Board of Directors was as follows: Lady Alvingham: 2,871; Mr. Churchill: 4,224; Ms. Franqui: 0; Mr. Jeffery: 4,554; Dr. Matos Rodríguez: 1,195; Ms. Palandjian: 12,009; Mr. Ryan: 559; Mr. Starr: 0. (4) Represents matching contributions to eligible non-profit organizations under the AMG gift-matching program that covers non-employee directors, as well as Company employees. (5) Consistent with the revisions made by the Compensation Committee to the director compensation program in January 2024 to provide for vesting of director equity awards over a one-year