AMG CEO exercises 75K options, sells 17.5K shares
AFFILIATED MANAGERS GROUP, INC.
Rhea-AI Filing Summary
AFFILIATED MANAGERS GROUP, INC. President and CEO Jay C. Horgen exercised employee stock options for 75,000 shares of common stock at a strike price of $74.49 per share. These options were labeled as an Employee Stock Option (Right to Buy) and are now fully exercised.
Of the acquired shares, 39,671 were used to satisfy tax obligations at a price of $336.62 per share, and 17,500 shares were sold in an open-market transaction at a weighted average price of $338.27 per share. Following these transactions, Horgen directly holds 204,706 common shares, with additional indirect holdings reported as 350,000 shares through grantor retained annuity trusts and 34,058 shares through family trusts.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
6 txns
Insider
Horgen Jay C.
Role
President and CEO
Sold
17,500 shs ($5.92M)
Approx. gross sale proceeds
$5.92M
Approx. exercise cost
$5.59M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (Right to Buy) | 75,000 | $0.00 | $0.00 |
| Exercise | Common Stock | 75,000 | $74.49 | $5.59M |
| Exercise Price or Tax Liability | Common Stock | 39,671 | $336.62 | $13.35M |
| Sale | Common Stock | 17,500 | $338.27 | $5.92M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to Buy) — 0 contracts (Direct);
Common Stock — 204,706 shares (Direct);
Common Stock — 34,058 shares (Indirect, By Family Trusts);
Common Stock — 350,000 shares (Indirect, By GRATs)
Footnotes (2)
- F1. Reflects the transfer of 150,000 shares of common stock to a grantor retained annuity trust.
- F2. The price reflects the weighted average sales price of the shares sold; the individual transaction prices ranged from $336.33 to $341.88. Specific transaction details will be provided to the SEC upon request.
Key Figures
Options exercised: 75,000 shares
Option exercise price: $74.49/share
Shares sold: 17,500 shares
+5 more
8 metrics
Options exercised
75,000 shares
Employee Stock Option (Right to Buy) exercised at $74.49
Option exercise price
$74.49/share
Exercise price for 75,000 common shares
Shares sold
17,500 shares
Open-market sale of common stock on 2026-06-08
Sale price (weighted avg)
$338.27/share
Weighted average sales price; trades from $336.33 to $341.88
Tax-withheld shares
39,671 shares
Shares delivered for tax liability at $336.62/share
Direct holdings after
204,706 shares
Common stock directly held following reported transactions
GRAT holdings
350,000 shares
Common stock held indirectly by grantor retained annuity trusts
Family trust holdings
34,058 shares
Common stock held indirectly by family trusts
Key Terms
Employee Stock Option (Right to Buy), grantor retained annuity trust, weighted average sales price, tax-withholding disposition, +1 more
5 terms
Employee Stock Option (Right to Buy) financial
"security_title": "Employee Stock Option (Right to Buy)""
grantor retained annuity trust financial
"Reflects the transfer of 150,000 shares of common stock to a grantor retained annuity trust."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
weighted average sales price financial
"The price reflects the weighted average sales price of the shares sold; the individual transaction prices ranged"
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
indirect ownership financial
"ownership_type": "indirect", "nature_of_ownership": "By GRATs""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did AMG CEO Jay C. Horgen do in this Form 4 filing?
Jay C. Horgen exercised options for 75,000 AMG common shares at $74.49 each, then had 39,671 shares withheld for taxes and sold 17,500 shares at a weighted average of $338.27 per share, while retaining a substantial direct and indirect share position.
How many AMG options did Jay C. Horgen exercise and at what price?
He exercised employee stock options covering 75,000 AMG common shares at an exercise price of $74.49 per share. The related option position, labeled as an Employee Stock Option (Right to Buy), shows zero remaining derivative shares following this exercise in the filing data.
AI-generated analysis. How Rhea-AI works. Not financial advice.
