Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-07-21

Affiliated Managers Group, Inc. (AMG)

Fiscal year 2025 executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$16,311,950
Jay Horgen total, FY2025
64th
CEO pay percentile vs peers
77:1
CEO-to-median pay ratio
97.92%
Say-on-pay support, latest vote
Companies that benchmark against AMG
16 companies name AMG as a compensation peer

Each company listed discloses AMG in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named AMG in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Jay Horgen$750,000$0$8,967,000$0$6,525,000$0$69,950$16,311,950
President and Chief Executive Officer
Thomas Wojcik500,00008,911,00004,300,000029,12513,740,125
Former President and Chief Operating Officer
Kavita Padiyar500,00002,357,00001,425,000034,1754,316,175
General Counsel and Corporate Secretary
Dava Ritchea500,00001,594,00001,994,500030,7004,119,200
Chief Financial Officer
Rizwan Jamal250,00001,750,0000001,3502,001,350
Former Managing Director, Affiliate Partnerships

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY20242025
Jay Horgen$16,311,950$13,030,846+3,281,104
Thomas Wojcik13,740,125
Kavita Padiyar4,316,175
Dava Ritchea4,119,200
Rizwan Jamal2,001,350

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Dividend-equivalent accruals2026-05-011721 insider, 1 accrual row
David C. RyanDirector2026-05-06D3,4023051,037,814CommonForm 4 ↗
G. Staley CatesDirector2026-05-06A1,500306458,745CommonForm 4 ↗
Rodriguez Felix Matos V.Director2026-05-08D1,000300300,180CommonForm 4 ↗
Annette FranquiDirector2026-06-01A750305228,660CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08D39,67133713,354,052CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08D17,5003385,919,725CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08A75,000745,586,750CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08D75,00000Derivative, Class A CommonForm 4 ↗
Tracy P. PalandjianDirector2026-06-12A2,95882242,763CommonForm 4 ↗
Tracy P. PalandjianDirector2026-06-12D685355242,915CommonForm 4 ↗
Tracy P. PalandjianDirector2026-06-12D2,95800Derivative, Class A CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 12 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
G. Staley CatesDirector2026-05-01A172$0$0Derivative, Class A CommonForm 4 ↗
David C. RyanDirector2026-05-06D3,4023051,037,814CommonForm 4 ↗
G. Staley CatesDirector2026-05-06A1,500306458,745CommonForm 4 ↗
Rodriguez Felix Matos V.Director2026-05-08D1,000300300,180CommonForm 4 ↗
Annette FranquiDirector2026-06-01A750305228,660CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08D39,67133713,354,052CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08D17,5003385,919,725CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08A75,000745,586,750CommonForm 4 ↗
Jay C. HorgenDirector2026-06-08D75,00000Derivative, Class A CommonForm 4 ↗
Tracy P. PalandjianDirector2026-06-12A2,95882242,763CommonForm 4 ↗
Tracy P. PalandjianDirector2026-06-12D685355242,915CommonForm 4 ↗
Tracy P. PalandjianDirector2026-06-12D2,95800Derivative, Class A CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Thomas WojcikRSU2025-03-055,900$977,750
Jay HorgenPSU2025-03-0540,58281,1646,725,250
Dava RitcheaPSU2025-03-057,21414,4281,195,500
Kavita PadiyarRSU2025-03-051,293214,250
Kavita PadiyarPSU2025-03-059,05118,1021,500,000
Jay HorgenRSU2025-03-0513,5272,241,750
Rizwan JamalRSU2025-03-0510,5601,750,000
Thomas WojcikPSU2025-06-0327,72555,4505,000,000
Thomas WojcikPSU2025-03-0517,70035,4002,933,250
Kavita PadiyarPSU2025-03-053,8797,758642,750
Dava RitcheaRSU2025-03-052,405398,500
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Thomas Wojcik$977,750$7,933,250$089.0%
Jay Horgen2,241,7506,725,250075.0%
Dava Ritchea398,5001,195,500075.0%
Kavita Padiyar214,2502,142,750090.9%
Rizwan Jamal1,750,000000.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Dava RitcheaRSU2,405$693,313
Dava RitcheaPSU29,4748,496,765
Kavita PadiyarPSU14,3874,147,484
Rizwan JamalRSU33,2609,588,193
Jay HorgenPSU82,31423,729,480
Rizwan JamalPSU16,7334,823,789
Jay HorgenRSU67,71419,520,592
Kavita PadiyarRSU7,3842,128,660
Kavita PadiyarPSU62,08317,897,287
Kavita PadiyarRSU27,4377,909,538
05

Incentive-plan design — the Compensation Discussion & Analysis

The Compensation Committee designs the executive compensation program to align management incentives with long-term stockholder interests

CEO STI target (% of salary)
CEO LTI target (% of salary)
Independent consultantSemler Brossy Consulting Group, LLC
Clawback policyTrue
Anti-hedgingTrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-05-2722,587,936479,70520,74197.92%Passed
20252025-05-2224,132,809854,37010,99696.58%Passed
20242024-05-2228,163,476800,89210,85597.23%Passed
20232023-05-2531,614,609634,63028,92498.03%Passed
20222022-05-2734,815,1161,085,03512,32096.98%Passed
20212021-06-0932,089,5056,701,30922,90582.72%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-05-2797.92%a
20252025-05-2296.58%b
20242024-05-2297.23%c

a. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on this proposal.”.

b. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on this proposal.”.

c. Approved under the standard stated in the filing — “Abstentions and broker non-votes will have no effect on this proposal.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)77 : 1
CEO total compensation$16,311,950
Median employee compensation$212,241
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Loren M. StarrIndependent · Board Chair · Audit · Compensation · Nominating and Governance$142,125$250,408$0$0$10,000$402,533
Dwight D. ChurchillIndependent · Board Chair · Compensation · Nominating and Governance (Chair)140,083208,6230010,000358,706
Tracy P. PalandjianIndependent · Compensation (Chair) · Nominating and Governance137,000200,2500010,000347,250
David C. RyanIndependent · Audit · Compensation · Nominating and Governance · Not standing for re-election135,583200,2500010,000345,833
Félix V. Matos RodríguezIndependent · Compensation · Nominating and Governance (Chair)135,125200,25000335,375
Karen L. AlvinghamIndependent · Nominating and Governance117,000200,1500010,000327,150
Annette FranquiIndependent · Audit (Chair) · Compensation123,958200,250002,500326,708
Marcy EngelIndependent · Audit · Partial-year service · Newly elected25,27251,0550076,327
Jay C. HorgenEmployee director · Partial-year service00000
G. Staley CatesIndependent · Audit · Partial-year service · Newly elected000000
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$200,000
Per board meeting fee
Committee chair fees (audit / comp / nom-gov)35,000 / 20,000 / 20,000
Stock ownership guideline5x annual base fees
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$956,146
Equity awards (grant-date value)$1,511,236
All other compensation$52,500
Total cost of the board$2,519,882

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Affiliated Managers Group, Inc. names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Affiliated Managers Group, Inc..

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1Janus Henderson Group plc2025Ali Dibadj$725,000$27,665,115$0$0$35,038,727
2TPG Inc.2025Jon Winkelried500,00013,607,7770029,897,761
3T. Rowe Price Group, Inc.2025Robert Sharps350,0008,401,68908,401,50017,245,792
4Franklin Resources, Inc.2025Jennifer Johnson750,0008,959,77106,925,00016,844,816
5Affiliated Managers Group, Inc.2025Jay Horgen750,0008,967,00006,525,00016,311,950
6Invesco Ltd.2025Andrew Schlossberg750,00010,084,90305,321,25016,299,849
7Victory Capital Holdings, Inc.2025David Brown600,0009,819,944016,198,444
8Lazard, Inc.2025Peter Orszag900,0008,666,5480013,723,452
9Federated Hermes, Inc.2025J. Christopher Donahue787,5002,528,25903,937,5007,982,105
10The Carlyle Group Inc.2025Harvey Schwartz1,000,0006,000,0007,149,859
11StepStone Group, Inc.2026Scott Hart500,0001,249,985006,091,776
12Artisan Partners Asset Management Inc.2025Jason Gottlieb300,0001,548,40003,570,0005,482,136
AllianceBernstein Holding L.P.not in coverage universe

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Affiliated Managers Group, Inc.134%PSU 75 · RSU 25NoSemler Brossy Consulting Group, LLC
AllianceBernstein Holding L.P.not disclosednot disclosednot disclosednot disclosed
Artisan Partners Asset Management Inc.not disclosedRSU 100not disclosedMcLagan
Federated Hermes, Inc.not disclosednot disclosednot disclosedMcLagan Partners, Inc.
Franklin Resources, Inc.1847%PSU 100YesSemler Brossy Consulting Group
Invesco Ltd.129%PSU 60 · RSU 40Yes — Relative TSRJohnson Associates
Janus Henderson Group plcnot disclosedPSU 60 · RSU 40NoMeridian Compensation Partners
Lazard, Inc.not disclosedMSU 50 · PIPR 50Yes — 3-year relative TSR vs. S&P 1500Compensation Advisory Partners (CAP)
StepStone Group, Inc.206%not disclosednot disclosedJohnson Associates
T. Rowe Price Group, Inc.not disclosedRSU 50 · PRSU 50not disclosednot disclosed
The Carlyle Group Inc.200%not disclosedNoPay Governance
TPG Inc.not disclosednot disclosedNoSemler Brossy
Victory Capital Holdings, Inc.not disclosedRSU 100not disclosedAon McLagan

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

FAQ

Frequently asked questions

Who was the highest-paid executive at Affiliated Managers Group, Inc. in fiscal 2025?
Jay Horgen, President and Chief Executive Officer, was the highest-paid executive at Affiliated Managers Group, Inc. in fiscal 2025 with total compensation of $16,311,950.
How does Affiliated Managers Group, Inc.'s chief executive pay compare to its disclosed peer group?
The CEO pay percentile of disclosed peers was 64th for Affiliated Managers Group, Inc. in fiscal 2025.
What is Affiliated Managers Group, Inc.'s CEO-to-median employee pay ratio?
The CEO-to-median employee pay ratio was 77:1 for Affiliated Managers Group, Inc. in fiscal 2025.
How did shareholders vote on Affiliated Managers Group, Inc.'s executive compensation?
Shareholders voted 97.92% in support of Affiliated Managers Group, Inc.'s executive compensation plan.
How much does Affiliated Managers Group, Inc. spend in total on board compensation for fiscal 2025?
Total board compensation for Affiliated Managers Group, Inc. in fiscal 2025 was $2,519,882.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Jay HorgenDEF 14A2026-04-170001628280-26-025798Section “Summary Compensation Table”. As printed: 16,311,950. Filing ↗machine: span 1521708–1521718
2Section 01, Thomas WojcikDEF 14A2026-04-170001628280-26-025798Section “Summary Compensation Table”. As printed: 13,740,125. Filing ↗machine: r11 · c13 · span 1556006–1556016
3Section 01, Kavita PadiyarDEF 14A2026-04-170001628280-26-025798Section “Summary Compensation Table”. As printed: 4,316,175. Filing ↗machine: r8 · c13 · span 1545246–1545255
4Section 01, Dava RitcheaDEF 14A2026-04-170001628280-26-025798Section “Summary Compensation Table”. As printed: 4,119,200. Filing ↗machine: span 1534878–1534887
5Section 01, Rizwan JamalDEF 14A2026-04-170001628280-26-025798Section “Summary Compensation Table”. As printed: 2,001,350. Filing ↗machine: span 1568788–1568797
6Section 03, Thomas Wojcik RSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r14 · c9 · span 1728278–1728283
7Section 03, Jay Horgen PSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r5 · c7 · span 1682605–1682611
8Section 03, Dava Ritchea PSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r8 · c7 · span 1697056–1697061
9Section 03, Kavita Padiyar RSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r10 · c9 · span 1708542–1708547
10Section 03, Kavita Padiyar PSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r12 · c7 · span 1717153–1717158
11Section 03, Jay Horgen RSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r4 · c9 · span 1678767–1678773
12Section 03, Rizwan Jamal RSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards in Fiscal Year 2025” · grants of plan-based awards table. Filing ↗machine: t61 · r17 · c11 · span 1744449–1744458
13Section 03, Thomas Wojcik PSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r16 · c7 · span 1736890–1736896
14Section 03, Thomas Wojcik PSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r15 · c7 · span 1732123–1732129
15Section 03, Kavita Padiyar PSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r11 · c7 · span 1712387–1712392
16Section 03, Dava Ritchea RSUDEF 14A2026-04-170001628280-26-025798Section “Grants of Plan-Based Awards” · grants of plan-based awards table. Filing ↗machine: t61 · r7 · c9 · span 1693506–1693511
17Section 07, pay ratioDEF 14A2026-04-170001628280-26-025798Section “CEO Pay Ratio”. As printed: 77 : 1. Filing ↗machine: span 2083287–2083289
18Section 08, Loren M. StarrDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 402,533. Filing ↗machine: t76 · r7 · c9 · span 2145005–2145012
19Section 08, Dwight D. ChurchillDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 358,706. Filing ↗
20Section 08, Tracy P. PalandjianDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 347,250. Filing ↗machine: t76 · r5 · c9 · span 2136634–2136641
21Section 08, David C. RyanDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 345,833. Filing ↗machine: t76 · r6 · c9 · span 2140734–2140741
22Section 08, Félix V. Matos RodríguezDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 335,375. Filing ↗machine: t76 · r4 · c9 · span 2132900–2132907
23Section 08, Karen L. AlvinghamDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 327,150. Filing ↗
24Section 08, Annette FranquiDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 326,708. Filing ↗machine: t76 · r3 · c9 · span 2128998–2129005
25Section 08, Marcy EngelDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 76,327. Filing ↗machine: t76 · r2 · c9 · span 2124777–2124783
26Section 08, Jay C. HorgenDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, G. Staley CatesDEF 14A2026-04-170001628280-26-025798Section “Director Compensation”. As printed: 0. Filing ↗
28Section 02, G. Staley Cates 2026-05-01Form 42026-05-050001004434-26-000051Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, David C. Ryan 2026-05-06Form 42026-05-080001004434-26-000058Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, G. Staley Cates 2026-05-06Form 42026-05-060001004434-26-000053Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Rodriguez Felix Matos V. 2026-05-08Form 42026-05-080001004434-26-000059Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Annette Franqui 2026-06-01Form 42026-06-030001004434-26-000062Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jay C. Horgen 2026-06-08Form 42026-06-080001004434-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Jay C. Horgen 2026-06-08Form 42026-06-080001004434-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jay C. Horgen 2026-06-08Form 42026-06-080001004434-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jay C. Horgen 2026-06-08Form 42026-06-080001004434-26-000065Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Tracy P. Palandjian 2026-06-12Form 42026-06-150001004434-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Tracy P. Palandjian 2026-06-12Form 42026-06-150001004434-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Tracy P. Palandjian 2026-06-12Form 42026-06-150001004434-26-000068Insider equity transaction reported since the proxy statement. Filing ↗
40Section 06, 2026 voteForm 8-K2026-05-280001193125-26-245324Item 5.07 · say-on-pay result. As reported: 97.92% (votes for as printed: 22,587,936). Filing ↗
41Section 06, 2025 voteForm 8-K2025-05-220001193125-25-125095Item 5.07 · say-on-pay result. As reported: 96.58% (votes for as printed: 24,132,809). Filing ↗
42Section 06, 2024 voteForm 8-K2024-05-240001193125-24-147104Item 5.07 · say-on-pay result. As reported: 97.23% (votes for as printed: 28,163,476). Filing ↗
43Section 01 trend, Δ column (computed)ComputedcomputedΔ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
44Section 03b vehicle mix (computed)ComputedcomputedRSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
45Section 09b board cost (computed)ComputedcomputedCash 956,146 + equity 1,511,236 + all other 52,500 = 2,519,882, summed across the director compensation table rows.machine: formula: Σ = 2,519,882
46Janus Henderson Group plc, Section 10b CEO totalDEF 14A2026-04-170001308179-26-000293CEO total compensation as printed in Janus Henderson Group plc's own proxy. As printed: 35,038,727. Filing ↗machine: t342 · r1 · c14 · span 863375–863385
47TPG Inc., Section 10b CEO totalDEF 14A2026-04-210001193125-26-166834CEO total compensation as printed in TPG Inc.'s own proxy. As printed: 29,897,761. Filing ↗machine: r5 · c23 · span 437878–437888
48T. Rowe Price Group, Inc., Section 10b CEO totalDEF 14A2026-03-170001104659-26-028876CEO total compensation as printed in T. Rowe Price Group, Inc.'s own proxy. As printed: 17,245,792. Filing ↗machine: span 1474238–1474248
49Franklin Resources, Inc., Section 10b CEO totalDEF 14A2025-12-220001140361-25-046314CEO total compensation as printed in Franklin Resources, Inc.'s own proxy. As printed: 16,844,816. Filing ↗machine: r8 · c22 · span 1261002–1261012
50Affiliated Managers Group, Inc. (subject), Section 10b CEO totalDEF 14A2026-04-170001628280-26-025798CEO total compensation as printed in Affiliated Managers Group, Inc.'s own proxy. As printed: 16,311,950. Filing ↗machine: span 1521708–1521718
51Invesco Ltd., Section 10b CEO totalDEF 14A2026-04-020001193125-26-140019CEO total compensation as printed in Invesco Ltd.'s own proxy. As printed: 16,299,849. Filing ↗machine: t223 · r2 · c27 · span 1030655–1030665
52Victory Capital Holdings, Inc., Section 10b CEO totalDEF 14A2026-03-270001193125-26-127653CEO total compensation as printed in Victory Capital Holdings, Inc.'s own proxy. As printed: 16,198,444. Filing ↗machine: r2 · c27 · span 1467226–1467236
53Lazard, Inc., Section 10b CEO totalDEF 14A2026-04-070001628280-26-024088CEO total compensation as printed in Lazard, Inc.'s own proxy. As printed: 13,723,452. Filing ↗machine: r3 · c11 · span 3696981–3696991
54Federated Hermes, Inc., Section 10b CEO totalDEF 14A2026-03-170001056288-26-000009CEO total compensation as printed in Federated Hermes, Inc.'s own proxy. As printed: 7,982,105. Filing ↗machine: r5 · c27 · span 201784–201793
55The Carlyle Group Inc., Section 10b CEO totalDEF 14A2026-04-230001527166-26-000017CEO total compensation as printed in The Carlyle Group Inc.'s own proxy. As printed: 7,149,859. Filing ↗machine: span 1925524–1925533
56StepStone Group, Inc., Section 10b CEO totalDEF 14A2026-07-210001193125-26-310296CEO total compensation as printed in StepStone Group, Inc.'s own proxy. As printed: 6,091,776. Filing ↗machine: span 223717–223726
57Artisan Partners Asset Management Inc., Section 10b CEO totalDEF 14A2026-04-170001517302-26-000079CEO total compensation as printed in Artisan Partners Asset Management Inc.'s own proxy. As printed: 5,482,136. Filing ↗machine: t65 · r2 · c9 · span 617510–617519
58Section 10a, Invesco Ltd. reciprocityDEF 14A0001193125-26-140019Invesco Ltd.'s most recent proxy was read; its disclosed peer group does not include Affiliated Managers Group, Inc.. Filing ↗
59Section 10a, Artisan Partners Asset Management Inc. reciprocityDEF 14A0001517302-26-000079Artisan Partners Asset Management Inc. names Affiliated Managers Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
60Section 10a, The Carlyle Group Inc. reciprocityDEF 14A0001527166-26-000017The Carlyle Group Inc.'s most recent proxy was read; its disclosed peer group does not include Affiliated Managers Group, Inc.. Filing ↗
61Section 10a, Federated Hermes, Inc. reciprocityDEF 14A0001056288-26-000009Federated Hermes, Inc. names Affiliated Managers Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
62Section 10a, Franklin Resources, Inc. reciprocityDEF 14A0001140361-25-046314Franklin Resources, Inc. names Affiliated Managers Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
63Section 10a, Victory Capital Holdings, Inc. reciprocityDEF 14A0001193125-26-127653Victory Capital Holdings, Inc. names Affiliated Managers Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
64Section 10a, T. Rowe Price Group, Inc. reciprocityDEF 14A0001104659-26-028876T. Rowe Price Group, Inc. names Affiliated Managers Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗
65Section 10a, Janus Henderson Group plc reciprocityDEF 14A0001308179-26-000293Janus Henderson Group plc names Affiliated Managers Group, Inc. in its own disclosed peer group (read from its most recent proxy). Filing ↗