T. Rowe Price Group, Inc. filed a Current Report on Form 8-K on November 4, 2026, announcing an amendment to its 2020 Long-Term Incentive Plan (the “Plan”). The amendment was approved by the Company’s Executive Compensation and Management Development Committee at a meeting held on that same date.
The primary change to the Plan involves the vesting of awards for employees following certain involuntary terminations. The amended Plan and the accompanying form of Notice of Grant were modified to include these new provisions.
The filing indicates that the amended Plan and the Notice are attached as exhibits to the report and are incorporated by reference. The exhibits include various forms of the Notice of Grant for different categories of employees, such as Material Risk Takers, Non-Material Risk Takers, and Non-U.S. employees, as well as specific forms for Restricted Fund Unit Awards and Unit Based Awards.
