AMG (AMG) president exits as equity awards vest and 8,000 shares sold
Rhea-AI Filing Summary
Affiliated Managers Group president and COO Thomas M. Wojcik reported multiple share transactions around his employment termination. On March 5, 2026, previously reported equity awards vested and a March 2023 performance award settled, adding 7,272 common shares from stock units and a separate 10,619-share grant. To cover tax withholding on these vestings, 9,136 shares of common stock were automatically surrendered to the company. On March 6, 2026, in connection with his termination and the cancellation of all then-outstanding unvested awards, he executed an open‑market sale of 8,000 common shares at a weighted average price of $286.30, leaving 159,465 common shares directly owned.
Positive
- None.
Negative
- President and COO departure with equity cancellations: All of Thomas M. Wojcik’s then-outstanding unvested equity awards were cancelled on March 6, 2026 in connection with his termination of employment, and he recorded an open‑market sale of 8,000 common shares.
Insights
AMG’s president and COO exited with equity vesting, cancellations, and a net share reduction.
The transactions show how Thomas M. Wojcik’s equity awards were handled as he left Affiliated Managers Group. Previously granted stock units and a March 2023 performance award vested on March 5, 2026, creating 7,272 new common shares plus an additional 10,619-share award.
To satisfy tax obligations from these vestings, 9,136 shares were automatically surrendered at a price of $299.18 per share. On March 6, 2026, he sold 8,000 common shares in an open‑market transaction at a weighted average of $286.30, with individual prices between $285.89 and $286.69.
The footnotes state that all of his then‑outstanding unvested equity awards were cancelled and terminated on March 6, 2026 in connection with his termination of employment. After these moves, he directly owned 159,465 common shares, so the overall effect is a leadership departure combined with a modest net decrease in his reported common‑stock holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 8,000 | $286.30 | $2.29M |
| Exercise | Stock Units | 7,272 | $0.00 | -- |
| Exercise | Common Stock | 7,272 | $0.00 | -- |
| Grant/Award | Common Stock | 10,619 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,136 | $299.18 | $2.73M |
Footnotes (1)
- Reflects the vesting of previously reported awards. As previously disclosed, all of the reporting person's then-outstanding unvested equity awards were cancelled and terminated on March 6, 2026 in connection with the reporting person's termination of employment on such date. Award granted in March 2023, which settled following the achievement of performance conditions previously described in the Company's annual meeting proxy statements. Reflects the automatic surrender of shares of common stock to the Company to satisfy tax withholding obligations related to the vesting of the awards described above. The sale reflects the weighted average sales price of the shares sold; the individual transaction prices ranged from $285.89 to $286.69. Specific transaction details will be provided to the SEC upon request.
