T. Rowe Price Executive Cashes Out Options Worth Over $1.3 Million

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Form Type

Rhea-AI Filing Summary

T Rowe Price Group (TROW) Vice President Sebastien Page executed multiple transactions on June 18, 2025:

Exercised three stock options totaling 17,059 shares: - 7,920 shares at $69.84 - 4,750 shares at $68.32 - 4,389 shares at $68.32
Subsequently disposed of 14,300 shares at $92.14 per share
Following these transactions, Page directly owns 64,375 shares
The exercised options were from 2015 grants that vested 20% annually over 5 years

This pattern of exercising options and selling shares suggests a planned liquidation of vested equity compensation, executed near the expiration dates of the 2015 option grants which mature in September 2025.

Insider Trade Summary

17,059 shares exercised/converted

Mixed 7 txns

Insider Page Sebastien

Role Vice President

Type	Security	Shares	Price	Value
Exercise	Stock Option	7,920	$0.00	--
Exercise	Stock Option	4,750	$0.00	--
Exercise	Stock Option	4,389	$0.00	--
Exercise	Common Stock	7,920	$69.837	$553K
Exercise	Common Stock	4,750	$68.321	$325K
Exercise	Common Stock	4,389	$68.321	$300K
Tax Withholding	Common Stock	14,300	$92.14	$1.32M

Holdings After Transaction: Stock Option — 0 shares (Direct); Common Stock — 69,536 shares (Direct)

Footnotes (1)

09/10/2015 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2016. 09/01/2015 Grant - The option vests 20% annually over a 5 year period beginning on 09/01/2016.

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 06/20/2025 - 09:49 AM

FAQ

What insider transactions did TROW Vice President Sebastien Page report on June 18, 2025?

On June 18, 2025, TROW Vice President Sebastien Page exercised stock options for a total of 17,059 shares (7,920 + 4,750 + 4,389 shares) at exercise prices of $69.837 and $68.321. He then disposed of 14,300 shares at a price of $92.14. After these transactions, Page beneficially owned 64,375 shares directly.

What was the sale price of TROW shares in VP Page's Form 4 transaction?

According to the Form 4 filing, Vice President Sebastien Page sold 14,300 shares of TROW common stock at a price of $92.14 per share on June 18, 2025.

How many TROW shares does Sebastien Page own after the June 18, 2025 transactions?

Following the reported transactions on June 18, 2025, Sebastien Page directly owned 64,375 shares of TROW common stock.

What were the vesting terms of TROW stock options exercised by Page?

The exercised stock options were from two grants: 1) A September 10, 2015 grant vesting 20% annually over 5 years beginning December 10, 2016, with an exercise price of $69.837, and 2) A September 1, 2015 grant vesting 20% annually over 5 years beginning September 1, 2016, with an exercise price of $68.321.

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^*

Page Sebastien

(Last)

(First)

(Middle)

1307 POINT STREET

(Street)

BALTIMORE

21231

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
PRICE T ROWE GROUP INC [ TROW ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/18/2025		M		7,920	A	$69.837	69,536	D
Common Stock	06/18/2025		M		4,750	A	$68.321	74,286	D
Common Stock	06/18/2025		M		4,389	A	$68.321	78,675	D
Common Stock	06/18/2025		F		14,300	D	$92.14	64,375	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$69.8375	06/18/2025		M			7,920	⁽¹⁾	09/10/2025	Common Stock	7,920	$0.00	0.00	D
Stock Option	$68.321	06/18/2025		M			4,750	⁽²⁾	09/01/2025	Common Stock	4,750	$0.00	4,389	D
Stock Option	$68.321	06/18/2025		M			4,389	⁽²⁾	09/01/2025	Common Stock	4,389	$0.00	0.00	D

Explanation of Responses:

1. 09/10/2015 Grant - The option vests 20% annually over a 5 year period beginning on 12/10/2016.

2. 09/01/2015 Grant - The option vests 20% annually over a 5 year period beginning on 09/01/2016.

Remarks:

	Cheryl L. Emory, Assistant Corporate Secretary, POA for Page, Sebastien	06/20/2025
	** 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.

Source: View Original Filing on SEC EDGAR