Company: TROW
Filing Date: 2025-03-26
Form Type: DEF 14A
Source: 0001104659-25-028002
Chunk: 44

Company: PRICE T ROWE GROUP INC
Filing Date: 2025-03-26
Form: DEF 14A
Chunk 44
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 to be compensation for fiscal year 2024, in February 2025 the Compensation Committee certified performance for performance-based RSUs granted in 2021 to Messrs. Sharps and Veiel and Ms. Dardis. The number of RSUs earned was based on the 2022-2024 performance period and upon the achievement of operating margin for the three-year performance period compared with the average operating margin of a designated group of public company peers. The Company achieved 100% of the performance goal for the 2021 award, and 16,772 shares for Mr. Sharps, 10,284 shares for Mr. Veiel, and 2,939 shares for Ms. Dardis will vest in equal installments in December 2025 and December 2026. Carried Interest During 2024, Mr. August received or was allocated distributions of realized carried interest as a result of his interest in the general partner of certain OHA funds. The table below reflects the carried interest allocated in 2024 (in millions).

|           |     |     2024 |
|           |     |  CARRIED |
|           |     | INTEREST |
| NAME      |     |    VALUE |
| Glenn     
 R. August |     |     $7.5 |

Process for Determining Executive Compensation The Compensation Committee has established a comprehensive process for:

| • | reviewing                                                                                    
 our executive compensation program designs to ensure that they are aligned to our philosophy 
 and objectives,                                                                              |

| • | evaluating                                                                                       
 performance by our NEOs against goals and objectives established or reviewed by the Compensation 
 Committee, and                                                                                   |

| • | setting                                                
 compensation for the NEOs and other senior executives. |

| 2025 Proxy Statement | 61 |

The table below summarizes the actions taken by the Compensation Committee throughout 2024. Delegation Authority The Compensation Committee has delegated compensation decisions regarding non-executive officers, including the establishment of specific salary and incentive compensation levels and certain matters relating to stock-based compensation, to the Management Compensation and Development Committee, a committee composed of members of the Management Committee. Committee Procedures Early each year, the Compensation Committee meets with the CEO and president and members of senior management in order to discuss goals and objectives for the year, including goals and objectives for the NEOs. In addition, the

| 62 | T. Rowe Price Group |

Compensation Committee determines eligibility for the AICP bonus pool and sets forth the maximum percentage that may be paid to each participant. At