Price T Rowe director granted 61 new shares
Smith Cynthia F reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Smith Cynthia F reported acquisition or exercise transactions in this Form 4 filing.
PRICE T ROWE GROUP INC director Cynthia F. Smith received 61.1876 shares of Common Stock as a grant tied to dividends. The shares were valued at $89.03 per share on the transaction date and increased her directly held position to 6,729.5939 shares.
The award was made under the T. Rowe Price Group, Inc. 2017 Non-Employee Director Equity Plan in connection with dividends declared on the company’s Common Stock. According to the disclosure, part of the award consists of fully-vested dividend reinvestment shares, while the remaining portion will vest when the related underlying director grant vests.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 61.1876 | $89.03 | $5K |
Footnotes (1)
- F1. This is pursuant to the T. Rowe Price Group, Inc. 2017 Non-Employee Director Equity Plan with respect to dividends declared by the issuer on it's Common Stock. A portion of these shares were credited as fully-vested dividend reinvestment shares and a portion will be accrued and vest when the corresponding grant vests.
Key Figures
Key Terms
2017 Non-Employee Director Equity Plan financial
fully-vested financial
accrued and vest financial
FAQ
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What did Cynthia F. Smith report in this Form 4 for TROW?
Was the TROW Form 4 transaction an open-market purchase or a grant?
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