T. Rowe Price Group Management

Management criteria checks 3/4

T. Rowe Price Group's CEO is Rob Sharps, appointed in Feb 2021, has a tenure of 3.25 years. total yearly compensation is $12.84M, comprised of 2.7% salary and 97.3% bonuses, including company stock and options. directly owns 0.19% of the company’s shares, worth €45.96M. The average tenure of the management team and the board of directors is 3 years and 4.9 years respectively.

Key information

Rob Sharps

Chief executive officer

US$12.8m

Total compensation

CEO salary percentage	2.7%
CEO tenure	3.3yrs
CEO ownership	0.2%
Management average tenure	3yrs
Board average tenure	4.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Rob Sharps's remuneration changed compared to T. Rowe Price Group's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$2b
Dec 31 2023	US$13m	US$350k	US$2b
Sep 30 2023	n/a	n/a	US$2b
Jun 30 2023	n/a	n/a	US$2b
Mar 31 2023	n/a	n/a	US$1b
Dec 31 2022	US$14m	US$350k	US$2b
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$3b
Dec 31 2021	US$18m	US$350k	US$3b
Sep 30 2021	n/a	n/a	US$3b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$3b
Dec 31 2020	US$15m	US$350k	US$2b
Sep 30 2020	n/a	n/a	US$2b
Jun 30 2020	n/a	n/a	US$2b
Mar 31 2020	n/a	n/a	US$2b
Dec 31 2019	US$14m	US$350k	US$2b
Sep 30 2019	n/a	n/a	US$2b
Jun 30 2019	n/a	n/a	US$2b
Mar 31 2019	n/a	n/a	US$2b
Dec 31 2018	US$13m	US$350k	US$2b
Sep 30 2018	n/a	n/a	US$2b
Jun 30 2018	n/a	n/a	US$2b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$11m	US$350k	US$1b

Compensation vs Market: Rob's total compensation ($USD12.84M) is above average for companies of similar size in the German market ($USD5.07M).

Compensation vs Earnings: Rob's compensation has been consistent with company performance over the past year.

CEO

Rob Sharps (52 yo)

3.3yrs

Tenure

US$12,841,931

Compensation

Mr. Robert W. Sharps, also known as Rob, CFA, is Chair of the Board of T. Rowe Price Group, Inc. since May 7, 2024 and serves as its President, Chief Executive Officer and Director from January 2022. He jo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Robert Sharps	President	3.3yrs	US$12.84m	0.19% $ 46.0m
Jennifer Dardis	VP, CFO & Treasurer	2.8yrs	US$3.89m	0.0077% $ 1.8m
Eric Veiel	Head of Global Investments & CIO	less than a year	US$8.94m	0.078% $ 18.6m
Justin Thomson	VP, Head of International Equity & CIO for International Equities	3.3yrs	US$7.04m	0.050% $ 11.9m
Glenn August	CEO of OHA	no data	US$12.43m	1.06% $ 251.1m
Kimberly Johnson	VP & COO	2.1yrs	no data	0.016% $ 3.8m
Sébastien Page	VP, Head of Global Multi-Asset & CIO	2.3yrs	no data	0.016% $ 3.8m
Jessica Hiebler	Principal Accounting Officer	14.2yrs	no data	0.0064% $ 1.5m
Linsley Carruth	Director of Investor Relations	no data	no data	no data
David Oestreicher	VP & General Counsel	16.2yrs	no data	0.050% $ 11.9m
Edward Giltenan	Head of Global Public Relations & VP	no data	no data	no data
Thomas Pedersen	Managing Director of Sales & Client Relations	no data	no data	no data

3.0yrs

Average Tenure

51yo

Average Age

Experienced Management: TR1's management team is considered experienced (3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Robert Sharps	President	2.4yrs	US$12.84m	0.19% $ 46.0m
Glenn August	CEO of OHA	2.4yrs	US$12.43m	1.06% $ 251.1m
William P. Donnelly	Independent Director	less than a year	US$334.38k	0% $ 0
Robert MacLellan	Independent Director	14.3yrs	US$386.58k	0.016% $ 3.9m
Robert Stevens	Independent Director	4.9yrs	US$376.77k	0% $ 0
Dina Dublon	Independent Director	4.9yrs	US$372.30k	0.0055% $ 1.3m
Sandra Wijnberg	Independent Director	7.6yrs	US$372.68k	0.011% $ 2.6m
Alan Wilson	Lead Independent Director	8.7yrs	US$458.15k	0% $ 0
Eileen Rominger	Independent Director	2.5yrs	US$328.63k	0.0031% $ 721.1k
Mark Bartlett	Independent Director	10.4yrs	US$346.55k	0.014% $ 3.3m
Cynthia Smith	Independent Director	1.3yrs	US$349.81k	0.0011% $ 262.4k

4.9yrs

Average Tenure

67yo

Average Age

Experienced Board: TR1's board of directors are considered experienced (4.9 years average tenure).

T. Rowe Price Group Management

Management criteria checks 3/4

Key information

Recent management updates

High number of new directors

T. Rowe Price Group, Inc., Annual General Meeting, May 07, 2024

T. Rowe Price Group, Inc. Announces Management Changes, Effective March 1, 2024

T. Rowe Price Group Names Eric Veiel Head of Global Investments Effective January 1, 2024

T. Rowe Price Group Names Eric Veiel Head of Global Investments Effective January 1, 2024

Insider recently sold €3.5m worth of stock

Recent updates

High number of new directors

First quarter dividend of US$1.24 announced

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on June 27, 2024

First quarter 2024 earnings released: EPS: US$2.50 (vs US$1.83 in 1Q 2023)

T. Rowe Price Group, Inc. to Report Q1, 2024 Results on Apr 26, 2024

Bristol-Myers Squibb Company (NYSE:BMY) completed the acquisition of Karuna Therapeutics, Inc. (NasdaqGM:KRTX) from Capital International Investors, FMR LLC, The Vanguard Group, Inc., T. Rowe Price Group, Inc. (NasdaqGS:TROW) and others.

Upcoming dividend of US$1.24 per share

T. Rowe Price Launches New and Innovative Retirement Income Tool to Help Optimize Social Security Benefits

T. Rowe Price Group, Inc., Annual General Meeting, May 07, 2024

New major risk - Revenue and earnings growth

T. Rowe Price Group, Inc. Announces Management Changes, Effective March 1, 2024

Third quarter dividend of US$1.24 announced

T. Rowe Price Group Declares Quarterly Dividend, Payable on March 28, 2024

T. Rowe Price Group, Inc. to Report Q4, 2023 Results on Feb 08, 2024

Upcoming dividend of US$1.22 per share at 4.9% yield

T. Rowe Price Group Names Eric Veiel Head of Global Investments Effective January 1, 2024

T. Rowe Price Group Names Eric Veiel Head of Global Investments Effective January 1, 2024

Insider recently sold €3.5m worth of stock

New minor risk - Insider selling

New major risk - Revenue and earnings growth

T. Rowe Price Group, Inc. Appoints William P. Donnelly as Independent Director, Audit Committee and to Executive Compensation and Management Development Committee

T. Rowe Price Group, Inc. Appoints Bill Donnelly as Independent Director

T. Rowe Price Group Declares Quarterly Dividend, Payable December 29, 2023

Third quarter 2023 earnings released: EPS: US$1.98 (vs US$1.67 in 3Q 2022)

T. Rowe Price Group, Inc. to Report Q3, 2023 Results on Oct 27, 2023

Upcoming dividend of US$1.22 per share at 4.4% yield

T. Rowe Price Group, Inc. Appoints Cynthia Smith as Independent Director

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on September 28, 2023

Second quarter 2023 earnings released: EPS: US$2.07 (vs US$1.47 in 2Q 2022)

T. Rowe Price Group, Inc. to Report Q2, 2023 Results on Jul 28, 2023

T. Rowe Price Group, Inc. Announces Executive Changes

T. Rowe Price Launches Its First Transparent Active Equity Exchange-Traded Funds

Upcoming dividend of US$1.22 per share at 4.4% yield

Now 20% undervalued after recent price drop

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable on June 29, 2023

Principal Accounting Officer recently sold €181k worth of stock

First quarter 2023 earnings released: EPS: US$1.83 (vs US$2.43 in 1Q 2022)

Upcoming dividend of US$1.22 per share at 4.3% yield

T. Rowe Price Group, Inc. Announces Executive Changes

T. Rowe Price Group, Inc. Declares Quarterly Dividend, Payable March 30, 2023

Full year 2022 earnings released: EPS: US$6.73 (vs US$13.25 in FY 2021)

T. Rowe Price Appoints Michael Benedetto in New Role of Head of its Global Separately Managed Account Offering

Now 20% undervalued after recent price drop

T. Rowe Price Group, Inc. to Report Q4, 2022 Results on Jan 26, 2023

Insider recently sold €797k worth of stock

Now 20% undervalued after recent price drop

Upcoming dividend of US$1.20 per share

Non-Executive Chairman recently sold €1.2m worth of stock

Investor sentiment improved over the past week

T. Rowe Price Group Declares Quarterly Dividend, Payable on December 29, 2022

T. Rowe Price Launches New U.S. High Yield Fixed Income Exchange-Traded Fund

Third quarter 2022 earnings released: EPS: US$1.67 (vs US$3.34 in 3Q 2021)

T Rowe Price Announces Executive Changes

T. Rowe Price Introduces Emergency Savings App to Financial Wellness Offering

Upcoming dividend of US$1.20 per share

T Rowe Price Appoints Tina Siu as Director of Institutional Business for Hong Kong, Taiwan and Macau

Principal Accounting Officer recently sold €117k worth of stock

T. Rowe Price Group Declares Quarterly Dividend, Payable on September 29, 2022

Second quarter 2022 earnings released: EPS: US$1.47 (vs US$3.50 in 2Q 2021)

T. Rowe Price Group, Inc. Announces Addition of Two Senior Executives to Institutional Defined Contribution Business in U.S

T Rowe Price Appoints Glen Lee as Head of Intermediary, Asia, Ex-Japan

T. Rowe Price Announces Executive Promotions

T. Rowe Price Group, Inc. to Report Q2, 2022 Results on Jul 28, 2022

Upcoming dividend of US$1.20 per share

T. Rowe Price Group, Inc. Appoints Poppy Allonby as Head of ESG Enablement, Effective June 6, 2022

T. Rowe Price Group, Inc Declares Quarterly Dividend, Payable June 29, 2022

First quarter 2022 earnings released: EPS: US$2.43 (vs US$3.20 in 1Q 2021)

T. Rowe Price Group, Inc. Announces Kimberly Johnson as Chief Operating Officer, Effective April 29, 2022

Upcoming dividend of US$1.20 per share