Highest-materiality recent filing
T. Rowe Price appoints Eric Veiel as President, expands investment leadership team
Eric Veiel named President, Co-Head of Global Investments and CIO, effective June 1, 2026.
T. Rowe Price shareholders approve say-on-pay, elect all directors at May 7 meeting
All 13 director nominees elected; Robert W. Sharps had highest against votes (13,215,143).
T. Rowe Price Q1 2026: GAAP EPS $2.23, adjusted $2.52; AUM $1.7T, net outflows $13.7B
Net revenues $1.857B, +5.3% YoY; net income attributable $498.2M, +1.6% YoY.
T. Rowe Price renews OHA CEO Glenn August employment agreement with new incentive structure
Glenn August remains OHA CEO; base salary $350,000 unchanged.
T. Rowe Price reports Q4 adj. EPS $2.44, but net outflows $25.5B; restructuring charge $148.8M
GAAP EPS $1.99, adj. $2.44; net revenue $1.93B (+6.0% YoY).
T. Rowe Price COO Kimberly Johnson to depart Dec 31; new Tech, Data, Ops function created
Kimberly Johnson resigns as COO effective December 31, 2025.
T. Rowe Price Q3 2025: AUM hits $1.77T record, but net outflows $7.9B
Diluted EPS $2.87 ($2.81 adjusted), net revenue $1.89B (+6% YoY), net income $646M (+7%).
T. Rowe Price expands board to 13, elects Golston and Verma as independent directors
Board increased from 11 to 13 directors; effective October 13, 2025.
Goldman Sachs to invest up to $1B in T. Rowe Price; firms unveil public-private investment solutions
Goldman Sachs intends to invest up to $1B in T. Rowe Price common stock, targeting up to 3.5% ownership.
T. Rowe Price Q2 EPS $2.24, AUM $1.68T, net outflows $14.9B
Diluted EPS $2.24 (GAAP and adjusted); net income $505.2M, up 4.5% YoY.
All 11 nominees elected; support ranged from 150.4M to 160.2M votes with minimal against.
T. Rowe Price Q1 2025: AUM $1.57T, net outflows $8.6B, GAAP EPS $2.15
Net outflows of $8.6B; equity AUM down $56.3B, fixed income/multi-asset/alternatives saw inflows.
T. Rowe Price completes headquarters relocation to 1307 Point Street, Baltimore
Relocated corporate headquarters to 1307 Point Street, Baltimore, MD 21231 effective March 31, 2025.
T. Rowe Price Q4 adj EPS $2.12 (+23% YoY); FY net outflows cut to $43.2B
GAAP Q4 EPS $1.92, FY $9.15; adjusted Q4 EPS $2.12, FY $9.33.
T. Rowe Price increases share repurchase authorization by 15M shares to ~19M shares
Board approved a 15M share increase in the stock buyback authorization on December 4, 2024.
T. Rowe Price Q3 GAAP EPS $2.64, revenue $1.79B; AUM $1.63T with $12.2B outflows
GAAP diluted EPS $2.64 vs $1.97 YoY; adjusted diluted EPS $2.57 vs $2.17.
Justin Thomson to lead new T. Rowe Price Investment Institute, steps down as executive officer
Thomson steps down as Head of International Equity and from Management Committee effective Dec 31, 2024.
T. Rowe Price Q2 adj EPS $2.26, revenue up 7.6% YoY; AUM $1.57T, net outflows $3.7B
GAAP diluted EPS $2.11; adjusted diluted EPS $2.26, up 11.9% YoY.
All 11 director nominees elected; votes for ranged from 146.8M to 154.1M out of 155.2M shares voted.
T. Rowe Price Q1 2024: EPS $2.49, AUM $1.54T, net outflows $8B, dividend raised for 38th year
Diluted EPS $2.49 GAAP, adjusted $2.38; revenue $1.75B (+13.8% YoY).
T. Rowe Price Chair Stromberg and Dr. Hrabowski to retire; CEO Sharps to become Chair
William J. Stromberg (non-executive Chair) and Dr. Freeman Hrabowski will retire at the May 7, 2024 annual meeting.
T. Rowe Price Q4 EPS $1.90, revenue up 7.7% YoY; full-year outflows $81.8B
Q4 GAAP EPS $1.90 vs $1.16 YoY; adjusted EPS $1.72; net revenue $1.64B (+7.7% YoY).
T. Rowe Price reports $1.31T AUM; expects net outflows >$10B monthly in Nov-Dec
AUM of $1.31 trillion as of Oct 31, down from $1.346 trillion at Sep 30.
T. Rowe Price elects William Donnelly as independent director, board expands to 13
Board increased from 12 to 13 directors; Donnelly effective November 1, 2023.
T. Rowe Price Q3 EPS $1.97 GAAP/$2.17 adj; AUM falls to $1.35T on $17.4B outflows
Diluted EPS $1.97 GAAP ($2.17 adj) vs $1.66 GAAP in Q3 2022, up 18.7% GAAP.
T. Rowe Price appoints Cynthia F. Smith as independent director
Board size increased from 11 to 12; Smith elected effective July 31, 2023.
T. Rowe Price Q2 2023: EPS $2.06 GAAP ($2.02 adj.), net outflows $20B, AUM $1.40T
Diluted GAAP EPS of $2.06 vs $1.46 YoY; adjusted diluted EPS of $2.02 vs $1.79 YoY.
All 11 director nominees elected with over 142M shares For each (broker non-votes ~28.4M).
T. Rowe Price Q1 GAAP EPS $1.83, revenue down 17.5% YoY, net outflows $16.1B
GAAP diluted EPS of $1.83 ($1.69 adj), down 24.1% from $2.41 in Q1 2022.
Director Richard R. Verma resigns from T. Rowe Price board for State Dept. role
Effective March 3, 2023, Richard R. Verma resigned from the Board of Directors.
T. Rowe Price Q4 GAAP EPS $1.16, down 64% YoY; AUM down 24.5% to $1.27T
GAAP diluted EPS $1.16 in Q4 2022 vs $3.18 in Q4 2021; adjusted EPS $1.74 vs $3.17.
Adopts new Mutual Fund Unit Plan to defer variable remuneration of UK Material Risk Takers under FCA's MIFIDPRU Remuneration Code.
T. Rowe Price holds Sep 15 business update; CEO & CFO present, no specifics in filing
CEO Rob Sharps and CFO Jen Dardis provided a strategic update on September 15, 2022.
T. Rowe Price annual meeting results: all director nominees elected, say-on-pay and auditor ratified
All 13 director nominees elected; highest for was Robert W. Sharps with 159.1M, lowest Mark S. Bartlett with 146.2M.
T. Rowe Price appoints Kimberly Johnson as COO effective April 29, 2022
Johnson, former Fannie Mae EVP and COO, will lead Global Technology, Investment Operations, and Enterprise Risk.
T. Rowe Price Q4 GAAP EPS down 4.5% YoY; net outflows $22.7B in Q4
Diluted EPS of $3.18 for Q4 2021 vs $3.33 YoY (-4.5%); full year EPS $13.12 (+31.5% YoY).
T. Rowe Price completes $3.3B acquisition of Oak Hill Advisors (OHA) alternative credit manager
Purchase price ~$3.3B: 74% cash, 26% stock (4,447,088 shares issued).
T. Rowe Price names Rob Sharps CEO effective Jan 1, 2022; Stromberg non-exec chair
William J. Stromberg retires as CEO and chair of Management Committee on Dec 31, 2021; remains non-executive chair.
T. Rowe Price elects Eileen Rominger as independent director, expands board to 12 members
Board increased from 11 to 12 directors; Eileen Rominger elected effective November 2, 2021.
Purchase price up to ~$4.2B: $3.3B at closing (74% cash, 26% stock) plus up to $900M earnout.
T. Rowe Price CEO Stromberg to retire Dec 31, 2021; Sharps to succeed Jan 1, 2022
CEO Bill Stromberg to retire Dec 31, 2021; remains non-executive Chair of the Board.
On May 15, 2026, the Board of Directors (the “Board”) of T. Rowe Price Group, Inc. (the “Company”) approved the appointment of Eric L. Veiel to become the President, Co-Head of Global Investments and Chief Investment Officer of the Company, effective immediately.
Justin Thomson, will step down as Head of International Equity, effective December 31, 2024, to assume a new position as head of the T. Rowe Price Investment Institute, and will remain a chief investment officer.
On February 16, 2024, Mr. William J. Stromberg, the non-executive Chair of the Board of Directors (the "Board") of T. Rowe Price Group, Inc. (the "Company"), and Dr. Freeman A. Hrabowski, III, informed the Board, that they will retire from the Board at the Company's 2024 Annual Meeting of Stockholders, which is currently scheduled for May 7, 2024.
On February 20, 2024, the Board announced that Mr. Robert W. Sharps will become the Chair of the Board following Mr. Stromberg’s retirement, in addition to continuing on as the Chief Executive Officer and President of the Company.
On February 16, 2024, Mr. William J. Stromberg, the non-executive Chair of the Board of Directors (the "Board") of T. Rowe Price Group, Inc. (the "Company"), and Dr. Freeman A. Hrabowski, III, informed the Board, that they will retire from the Board at the Company's 2024 Annual Meeting of Stockholders, which is currently scheduled for May 7, 2024.
On July 31, 2023, the Board of Directors (the “Board”) of T. Rowe Price Group, Inc. (the “Company”) increased the number of directors from 11 to 12, and elected Ms. Cynthia F. Smith as a director of the Company.
Effective March 3, 2023, Mr. Richard R. Verma resigned from the Board of Directors of T. Rowe Price Group, Inc. (the "Company").
Effective April 29, 2022, Robert C.T. Higginbotham, the Company's Vice President and Head of Global Distribution, will cease to serve as the interim COO of the Company.
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
the appointment of Robert W. Sharps and Glenn R. August to the board of directors of the Company became effective
the appointment of Mr. August to the Company's Management Committee
the Board elected Mr. Glenn R. August as a director, effective upon the first business day following the closing date of the Company’s acquisition of OHA.
Max materiality 0.85 · Median 0.65 · Most common event earnings