Director at Affiliated Managers (NYSE: AMG) gains new stock units

Rhea-AI Filing Summary

Affiliated Managers Group director Annette Franqui reported equity awards and vesting activity. On March 5, 2026, 548 stock units vested from a previously reported award and were converted into 548 shares of common stock, leaving her with 1,212 common shares held directly.

On the same date, she was granted 335 additional stock units, each representing one share of common stock upon vesting. These new stock units vest in full on March 5, 2027, and she now directly holds 335 stock units from this grant.

Insider Trade Summary

548 shares exercised/converted

Mixed 3 txns

Insider FRANQUI ANNETTE

Role Director

Type	Security	Shares	Price	Value
Exercise	Stock Units	548	$0.00	--
Grant/Award	Stock Units	335	$0.00	--
Exercise	Common Stock	548	$0.00	--

Holdings After Transaction: Stock Units — 477 shares (Direct); Common Stock — 1,212 shares (Direct)

Footnotes (1)

1. Reflects the vesting of a previously reported award. Award vested in 2026. Each stock unit represents a right to receive one share of the Company's common stock upon vesting. The stock units vest in full on March 5, 2027.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

FRANQUI ANNETTE

(Last) (First) (Middle)

C/O AFFILIATED MANAGERS GROUP, INC.

777 SOUTH FLAGLER DR.

(Street)

WEST PALM BEACH FL 33401

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AFFILIATED MANAGERS GROUP, INC. [ AMG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/05/2026		M		548	A	$0(1)	1,212	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Units	(1)	03/05/2026		M			548	(1)	(1)	Common Stock	548	$0	477	D
Stock Units	(2)	03/05/2026		A		335		(2)	(2)	Common Stock	335	$0	335	D

Explanation of Responses:

1. Reflects the vesting of a previously reported award. Award vested in 2026.

2. Each stock unit represents a right to receive one share of the Company's common stock upon vesting. The stock units vest in full on March 5, 2027.

	/s/ Kavita Padiyar, Attorney-in-Fact	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did AMG director Annette Franqui report on this Form 4?

Annette Franqui reported equity awards and vesting activity with Affiliated Managers Group (AMG). A previously reported award of 548 stock units vested into common shares, and she also received a new grant of 335 stock units that will vest in the future.

How many AMG shares did Annette Franqui hold after the March 5, 2026 transactions?

After the March 5, 2026 activity, Annette Franqui directly held 1,212 shares of Affiliated Managers Group common stock. These shares resulted in part from the vesting and conversion of 548 stock units from a previously reported equity award.

What are the terms of the new AMG stock unit grant to Annette Franqui?

Annette Franqui received 335 new stock units from Affiliated Managers Group. Each stock unit represents a right to receive one share of common stock, and this award vests in full on March 5, 2027, if the vesting conditions are satisfied.

What does the vesting of 548 AMG stock units represent for Annette Franqui?

The vesting of 548 Affiliated Managers Group stock units reflects the completion of a previously reported equity award. Upon vesting, each stock unit converted into one share of common stock, increasing her directly held share count without an open-market purchase or sale.

Are Annette Franqui’s AMG stock unit transactions open-market buys or sales?

The reported Affiliated Managers Group transactions are equity award vesting and grants, not open-market buys or sales. One transaction reflects the vesting and conversion of prior stock units, while another is a new grant of stock units that will vest later.