T. Rowe Price (TROW) director receives 1,899-share equity award grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Golston Allan C. reported acquisition or exercise transactions in this Form 4 filing.
PRICE T ROWE GROUP INC director Allan C. Golston reported receiving an equity award of 1,899 shares of Common Stock with no cash paid per share. This award increased his directly held position to 4,835.2923 shares.
The footnote explains that these shares relate to Restricted Stock Units granted under the 2017 Non-Employee Director Equity Plan at a reference price of $105.33 per share, with vesting contingent on service through the next annual meeting or upon specified events such as death, total and permanent disability, or a change in control.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Golston Allan C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,899 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 4,835.292 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 1,899 shares
Reference share price: $105.33 per share
Post-transaction holdings: 4,835.2923 shares
3 metrics
Equity award size
1,899 shares
Grant, award, or other acquisition of Common Stock
Reference share price
$105.33 per share
Closing price on grant date used for RSU issuance
Post-transaction holdings
4,835.2923 shares
Total Common Stock directly owned after award
Key Terms
Restricted Stock Unit, 2017 Non-Employee Director Equity Plan, Total and Permanent Disability, Change in Control
4 terms
Restricted Stock Unit financial
"Pursuant to the 2017 Non-Employee Director Equity Plan, this Restricted Stock Unit shares was issued at $105.33 per share"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
2017 Non-Employee Director Equity Plan financial
"Pursuant to the 2017 Non-Employee Director Equity Plan, this Restricted Stock Unit shares was issued"
Total and Permanent Disability financial
"the date on which it has been determined that the award holder suffered, a Total and Permanent Disability"
Change in Control financial
"the date on which a Change in Control occurs, in which case the vesting will take place immediately before"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
FAQ
What insider transaction did PRICE T ROWE (TROW) director Allan C. Golston report?
Director Allan C. Golston reported an acquisition of 1,899 shares of PRICE T ROWE Common Stock as an equity award. The transaction was coded as a grant or other acquisition, reflecting compensation rather than an open-market purchase or sale.
What plan governs Allan C. Golston’s PRICE T ROWE equity award?
The award was granted under the 2017 Non-Employee Director Equity Plan. This plan provides Restricted Stock Unit grants to non-employee directors, with vesting and forfeiture terms described in the Form 4 footnote for this specific award.
When do Allan C. Golston’s PRICE T ROWE Restricted Stock Units vest?
The forfeiture provisions for these Stock Unit Shares and accrued dividends lapse in full at the earliest of several events, including the day before the next year’s annual meeting, death, determination of total and permanent disability, or immediately before a qualifying change in control.