---
schema_version: "secwatch.filing_event.v1"
accession: "0001113169-21-000040"
form_type: "8-K"
ticker: "TROW"
cik: "0001113169"
company_name: "PRICE T ROWE GROUP INC"
filed_at: "2021-12-30T23:59:59+00:00"
generated_at: "2026-06-27T21:36:57.723154+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# T. Rowe Price completes $3.3B acquisition of Oak Hill Advisors (OHA) alternative credit manager

## Summary
- Purchase price ~$3.3B: 74% cash, 26% stock (4,447,088 shares issued).
- Earnout consideration up to $900M upon milestone achievement, payable 2025-2027.
- OHA operates as standalone; Glenn August remains CEO, joins TROW Board and Management Committee.
- Robert Sharps, incoming CEO, joins T. Rowe Price board effective Dec 30, 2021.
- OHA has $56B capital under management (Nov 30, 2021) across credit strategies.

## SEC filing metadata
- accession: 0001113169-21-000040
- form_type: 8-K
- ticker: TROW
- cik: 0001113169
- company_name: PRICE T ROWE GROUP INC
- filed_at: 2021-12-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 2.03, 3.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/0001113169-21-000040-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/trow-20211229.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001113169-21-000040
- JSON: https://secwatch.observer/filing/0001113169-21-000040.json
- Plain text: https://secwatch.observer/filing/0001113169-21-000040.txt

## Key facts
- Executive change
  Glenn R. August was appointed as director at PRICE T ROWE GROUP INC.
  - Action: appointed
  - Role: director
  source text: the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective, along with the appointment of Mr. August to the Company's Management Committee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/0001113169-21-000040-index.htm
- Executive change
  Robert W. Sharps was appointed as director at PRICE T ROWE GROUP INC.
  - Action: appointed
  - Role: director
  source text: the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/0001113169-21-000040-index.htm
- Executive change
  Glenn R. August was appointed as Member of Management Committee at PRICE T ROWE GROUP INC.
  - Action: appointed
  - Role: Member of Management Committee
  source text: the appointment of Mr. August to the Company's Management Committee
  evidence_url: https://www.sec.gov/Archives/edgar/data/1113169/000111316921000040/0001113169-21-000040-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.