Director Richard Verma (TROW) receives 1,899 restricted stock unit shares
Rhea-AI Filing Summary
Verma Richard R. reported acquisition or exercise transactions in this Form 4 filing.
PRICE T ROWE GROUP INC director Richard R. Verma reported receiving an equity award in the form of 1,899 shares of Common Stock on May 8, 2026. The award is tied to the company’s 2017 Non-Employee Director Equity Plan and was issued at $105.33 per share, matching the closing price that day.
The restricted stock unit shares and related dividends are subject to forfeiture until they vest. Vesting occurs in full upon the earliest of several events, including the day immediately prior to the next year’s Annual Meeting, death, a determination of Total and Permanent Disability, or a Change in Control. Following this grant, Verma directly holds about 4,835.2923 shares of the company’s stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,899 shares
Net Buy
1 txn
Insider
Verma Richard R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,899 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 4,835.2923 shares (Direct)
Footnotes (1)
- F1. Pursuant to the 2017 Non-Employee Director Equity Plan, this Restricted Stock Unit shares was issued at $105.33 per share, the closing price of TROW shares on May 8, 2026. The forfeiture provisions of the Stock Unit Shares and all accrued dividends attributed to such Stock Unit Shares, will vest in full and become nonforfeitable upon the earliest of the following dates: (a) the day immediately prior to the Annual Meeting that occurs in the next calendar year following the year in which the Award Shares were granted as reflected on the Notice, (b) date of death, (c) the date on which it has been determined that the award holder suffered, a Total and Permanent Disability, or (d) the date on which a Change in Control occurs, in which case the vesting will take place immediately before and contingent upon the occurrence of the Change in Control.
Key Figures
Shares granted: 1,899 shares
Grant price: $105.33 per share
Shares after transaction: 4,835.2923 shares
+2 more
5 metrics
Shares granted
1,899 shares
Restricted stock unit shares granted on May 8, 2026
Grant price
$105.33 per share
Closing price of TROW shares on May 8, 2026
Shares after transaction
4,835.2923 shares
Total Common Stock directly held after grant
Transaction code
A
Grant, award, or other acquisition of non-derivative Common Stock
Ownership type
Direct
Director directly holds the reported Common Stock
Key Terms
2017 Non-Employee Director Equity Plan, Restricted Stock Unit, Annual Meeting, Total and Permanent Disability, +1 more
5 terms
2017 Non-Employee Director Equity Plan financial
"Pursuant to the 2017 Non-Employee Director Equity Plan, this Restricted Stock Unit shares was issued at $105.33 per share"
Restricted Stock Unit financial
"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.
Annual Meeting financial
"the day immediately prior to the Annual Meeting that occurs in the next calendar year"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Richard R. Verma acquire in this Form 4 for TROW?
Richard R. Verma received an equity award of 1,899 Common Stock shares under Price T Rowe Group’s 2017 Non-Employee Director Equity Plan. These are restricted stock unit shares subject to vesting and forfeiture conditions described in the award terms.
At what price were Richard Verma’s TROW restricted stock units issued?
The restricted stock unit shares were issued at $105.33 per share, equal to the closing price of TROW shares on May 8, 2026. This value is used for the grant and does not reflect a cash purchase by the director.
When do Richard Verma’s TROW restricted stock units vest?
The restricted stock unit shares vest in full upon the earliest of several events: the day before the next year’s Annual Meeting, the date of death, a determination of Total and Permanent Disability, or immediately before a qualifying Change in Control of the company.
What plan governs Richard Verma’s TROW equity award?
The award was granted under the 2017 Non-Employee Director Equity Plan. This plan provides restricted stock unit shares to non-employee directors and includes specific vesting and forfeiture provisions tied to board service and certain key events.
Is Richard Verma’s TROW Form 4 transaction a market purchase or sale?
No, this Form 4 reports a grant or award acquisition, not an open-market trade. The transaction code is “A,” indicating shares were awarded as director compensation rather than bought or sold in the market.