Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 40

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 40
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 for comparative purposes. It is calculated         
 based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed       
 product’s monthly excess performance, placing more emphasis on downward variations                 
 and rewarding consistent performance. Morningstar gives its best ratings of 5 or 4 stars           
 to the top 32.5% of all funds (of the 32.5%,10% get 5 stars and 22.5% get 4 stars). The Overall    
 Morningstar RatingTM is                                                                            
 derived from a weighted average of the performance figures associated with a fund’s                
 3-, 5-, and 10- year (if applicable) Morningstar RatingTM                                          
 metrics.                                                                                           |

Distribution and Product Capabilities In 2024, we progressed the execution of our strategic initiatives and key programs. Highlights from the year include:

| ● | Exceeded gross sales goals, and our active ETF business continued to grow 
 momentum.                                                                 |

| ● | We made meaningful progress in executing our strategic                                   
 initiatives for Wealth, Global Growth, Individual Investors, and our operating strategy. |

| ● | We launched several new products to support strategic                                                            
 priorities, including ETFs and separately managed accounts, and drove placements with key distribution partners. |

Corporate Strategy and Financials We have managed our financials to fund investment for growth through savings programs and to respond to market conditions. This includes:

| ● | Executed expense savings to control costs and managed corporate spend on 
 strategic initiatives to optimize results.                               |

| ● | Paid dividends in 2024 equal to $1.1 billion, or $4.96                                                
 per share, and bought back nearly 3.0 million common shares at an average price of $112.57 per share. |

Operations, Technology, and Talent

| ● | We made progress with initiatives driving key strategic                       
 priorities for the organization, including advancing our technology strategy. |

| ● | Managed employee turnover, including within the investment division. |

| 2025 Proxy Statement | 53 |

Individual Performance Considerations In addition to contributions to 2024 priorities, and the Company’s financial and strategic performance highlighted in the executive summary on page 51, the Compensation Committee considered the following individual contributions when determining 2024 compensation for our NEOs. Robert W. Sharps

| Chair, Chief Executive 
 Officer and President  |     | ROLE CONSIDERATIONS                                                                                                                                 
 ●    Leadership, responsibility, and performance as Chair, CEO and