T. Rowe Price Director William P. Donnelly Receives Dividend Reinvestment Shares

Executive Summary

On September 30, 2026, T. Rowe Price Group, Inc. ($TROW) filed a Form 4 on behalf of Director William P. Donnelly. The filing reports an acquisition of 163.9926 shares of Common Stock on September 29, 2026, at an effective price of $104.51 per share, totaling approximately $17,138.87.

Transaction Details

• Security: Common Stock
• Transaction Code: A (Grant, award, or other acquisition under Rule 16b-3)
• Nature of Transaction: Dividend reinvestment under the T. Rowe Price Group, Inc. 2017 Non-Employee Director Equity Plan. Shares were credited in connection with quarterly dividends declared on the common stock, partially as fully vested dividend reinvestment shares and partially as accrued dividend equivalents that vest alongside the underlying grants.
• Direct Ownership Post-Transaction: 13,347.7371 shares

Market Significance

This transaction carries Low market significance. It represents a routine, non-discretionary equity award resulting from dividend reinvestment under the company's director compensation program, rather than an open-market purchase or sale.