T. Rowe Price adopts Mutual Fund Unit Plan and amends LTIP grants for UK Material Risk Takers compliance

PRICE T ROWE GROUP INC

Adopts new Mutual Fund Unit Plan to defer variable remuneration of UK Material Risk Takers under FCA's MIFIDPRU Remuneration Code.
Amends Notice of Grant forms to add confidentiality, non-solicitation, and advance notice of termination provisions.
Changes apply only to Material Risk Takers under UK regulations; no impact on other employees.
Plan uses mutual fund units as notional investments to align deferred compensation with TRPIL's credit quality.

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