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TROWT. Rowe Price · Insider ownership research

T. Rowe Price insiders sold $1.4M in the past 12 months. How much of their stake is that?

About 0.9% overall. As a group they ended with more shares than they started with. The biggest individual seller, Joshua Nelson, gave up 13% of starting holdings.

Updated Oct 9, 2026 from SEC filings · covers Oct 10, 2025 to Oct 9, 2026
How this comparesMore of their stake sold than at 119 of the 490 other companies we can measure (#372 of 491)See ranking
0
buyers among officers and directors, past 12 months
0%
of sales were under disclosed trading plans, past 12 months
2 of 20
officers and directors sold shares, past 12 months
Recent activity · past 30 days, Sep 10, 2026 to Oct 9, 2026

No officer or director trades were reported for the past 30 days. The most recent before that:

Aug 25, 2026Joshua Nelson sold 10K shares ($1.1M) with no plan disclosed. That is 12% of the total stake held that day. 4 shares came in from vesting or option exercises the same day, so the holding fell by 10K net.
WhoSharesPrice% of total stakeTotal stake afterTrade dateFiled
Joshua Nelson
Vice President
10,000$111.8212%71KAug 25, 2026Aug 26, 2026

"% of total stake" is the shares in this event against all the vested shares the person held that day, across every share class and holding entity, after that day's vesting. "n/a" means the person's holdings don't reconcile, or the row is a purchase. "Holdings record incomplete" means more shares were sold than the filings show the person held that day, so a percentage would be wrong.

Is this normal? Less than usual: about one-fifth of the 5-year average. 2 insiders sold; the average is 5 a year. Year by year
Latest filing: Filed Sep 30 for a stock award on Sep 29. Alan Wilson received an award of 520 shares. Filing
89 SEC ownership filings in the period · See the evidence

What stands out

Joshua Nelson (13% of holdings) sold $1.1M of stock with no disclosed trading plan. The filings don't state a reason.Largest such sale, Aug 25, 2026
Selling rose in the last 90 days but the year remains well below the 5-year average: officers and directors sold 10K shares, against an average of 982 per 90 days earlier in the period. Most of it was Joshua Nelson (10K shares in the last 90 days, 13% of holdings); 0% of these sales were under disclosed plans.Joshua Nelson: largest recent sale, Aug 25, 2026
Tax withholding outweighed market sales: the company withheld $6.9M of officers' and directors' shares for taxes, against $1.4M sold on the open market. The largest was Sharps Robert ($2.4M withheld).Largest withholding, Dec 10, 2025

Percentages cover 18 of 20 officers and directors. Left out: Richard Verma and Allan Golston (held no vested shares at the start). Disclosed company stock is not an insider's whole wealth.

Who sold, and how much of their stake

Officers and directors, past 12 months. Each bar is 100% of that person's own stake; not comparable between people. The stake is the vested shares held at the start of the period (Oct 9, 2025); the gold part is what they sold.

SoldRest of starting stake
Joshua Nelson
Vice President
13% · $1.1MNo plan disclosed
Stephon Jackson
Vice President
3.5% · $308KNo plan disclosed
Amounts, filings and trading plans for each seller

Selling by month

Officers and directors, Oct 2025 to Oct 2026. Each sale is counted once: under a disclosed plan, else to cover taxes, else no plan disclosed.

No plan disclosedOne dollar scale for every month; the tallest bar is labeled
OctNovDecJanFebMarAprMay 2026: $308K no plan disclosedMayJunJulAug 2026: $1.1M no plan disclosed$1.1MAugSepOct

Outside holders, reported separately

Dorothy Sawyer and Arif Husain reported no open-market sales in the past 12 months. Large shareholders and the funds or companies that board members represent are not part of management, so they are left out of the figures above.

Details

Common questions

Is the T. Rowe Price CEO selling stock?

No. Sharps Robert reported no open-market sales in the past 12 months.

Why are T. Rowe Price insiders selling?

Filings rarely give a reason, and we don't guess at one. What they show is how the sales were made: 0% of sales by value ran under 10b5-1 trading plans disclosed in the filings and 100% had no disclosed plan. A trading plan schedules sales in advance.

Are any T. Rowe Price insiders buying?

No. Officers and directors reported no purchases in the past 12 months.

How much of their stake did T. Rowe Price insiders sell?

About 0.9% overall. As a group they ended with more shares than they started with. The biggest individual seller, Joshua Nelson, gave up 13% of starting holdings. That covers the 12 months to Oct 9, 2026 and counts vested shares reported on SEC Forms 3, 4 and 5, which is not an insider's whole wealth.

The evidence

Who sold2 officers and directors: amount, % of holdings, trading plan
Who soldAmount% of holdingsTrading plan
Joshua Nelson
Vice President
$1.1M
10K shares
13%No plan disclosed
Stephon Jackson
Vice President
$308K
3K shares
3.5%No plan disclosed

Outside holder, reported separately: Dorothy Sawyer (files as neither an officer nor a director, not part of management). No open-market sales reported in the period. Latest filing

Outside holder, reported separately: Arif Husain (files as neither an officer nor a director, not part of management). No open-market sales reported in the period. Holds 47K shares. Latest filing

The full ownership picture20 of 20 insiders fully reconciled · 20 officers and directors

Vested shares across all share classes, held directly and through trusts, LLCs and family members, as reported on SEC Forms 3, 4 and 5. Unvested awards and options are never counted as owned shares.

InsiderHeld Oct 9, 2025SoldHeld Oct 9, 2026Still held
Sharps Robert
CEO and President
543K0578Kno sales
Vesting, gifts, unvested awards and holding lines for Sharps Robert
0shares vested or exercised
−4.6Kgifted (net of own trusts)
−23Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock542,506578,261
Eric Veiel
i
New Form 3 filed 2019-01-10; earlier filings set aside.
Vice President
234K0246Kno sales
Vesting, gifts, unvested awards and holding lines for Eric Veiel
0shares vested or exercised
−5.2Kgifted (net of own trusts)
−12Kwithheld by the company for taxes
none reportedunvested awards, start → end
  • New Form 3 filed 2019-01-10; earlier filings set aside.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock134,385146,926
2021 Eric Veiel Family TrustCommon Stock53,50053,500
2020 Lori Veiel Family TrustCommon Stock46,00046,000
David Oestreicher
Corp Secretary and VP
120K0129Kno sales
Vesting, gifts, unvested awards and holding lines for David Oestreicher
0shares vested or exercised
−400gifted (net of own trusts)
−2.8Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock120,300129,467
Stephon Jackson
Vice President
86K−3K84K98%
Vesting, gifts, unvested awards and holding lines for Stephon Jackson
0shares vested or exercised
−2.5Kgifted (net of own trusts)
−5.8Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock85,74083,883
Joshua Nelson
Vice President
78K−10K71K91%
Vesting, gifts, unvested awards and holding lines for Joshua Nelson
0shares vested or exercised
−654gifted (net of own trusts)
−6.3Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock78,29471,332
Sebastien Page
Vice President
64K0172Kno sales
Vesting, gifts, unvested awards and holding lines for Sebastien Page
0shares vested or exercised
0gifted (net of own trusts)
−7.8Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock64,375171,855
Kimberly Johnson
COO and VP
49K047Kno sales
Vesting, gifts, unvested awards and holding lines for Kimberly Johnson
0shares vested or exercised
0gifted (net of own trusts)
−2.9Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock49,35046,738
Robert MacLellan
Director
47K056Kno sales
Vesting, gifts, unvested awards and holding lines for Robert MacLellan
+4.4Kshares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock47,49655,920
Jennifer Dardis
CFO and VP
37K046Kno sales
Vesting, gifts, unvested awards and holding lines for Jennifer Dardis
0shares vested or exercised
0gifted (net of own trusts)
−4.1Kwithheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock36,99246,315
Alan Wilson
Director
37K042Kno sales
Vesting, gifts, unvested awards and holding lines for Alan Wilson
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock36,91542,338
Mark Bartlett
Director
33K035Kno sales
Vesting, gifts, unvested awards and holding lines for Mark Bartlett
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock33,36435,263
Sandra Wijnberg
Director
29K032Kno sales
Vesting, gifts, unvested awards and holding lines for Sandra Wijnberg
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock29,03632,187
Robert Stevens
Director
21K026Kno sales
Vesting, gifts, unvested awards and holding lines for Robert Stevens
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock21,35125,560
Dina Dublon
Director
15K018Kno sales
Vesting, gifts, unvested awards and holding lines for Dina Dublon
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock13,27315,654
Dina Dublon Family TrustCommon Stock1,8901,890
Jessica Hiebler
Principal Accounting Officer
14K014Kno sales
Vesting, gifts, unvested awards and holding lines for Jessica Hiebler
0shares vested or exercised
0gifted (net of own trusts)
−447withheld by the company for taxes
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock13,61114,381
William Donnelly
Director
9.7K013Kno sales
Vesting, gifts, unvested awards and holding lines for William Donnelly
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock9,67513,348
Eileen Rominger
Director
9K011Kno sales
Vesting, gifts, unvested awards and holding lines for Eileen Rominger
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock8,96810,867
Cynthia Smith
Director
6.6K08.8Kno sales
Vesting, gifts, unvested awards and holding lines for Cynthia Smith
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock6,6188,776
Richard Verma
i
New Form 3 filed 2025-10-20; earlier filings set aside.
Director
005Kno sales
Vesting, gifts, unvested awards and holding lines for Richard Verma
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
  • New Form 3 filed 2025-10-20; earlier filings set aside.
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock04,951
Allan Golston
Director
005Kno sales
Vesting, gifts, unvested awards and holding lines for Allan Golston
0shares vested or exercised
0gifted (net of own trusts)
none reportedunvested awards, start → end
Held throughShare classOct 9, 2025Oct 9, 2026
DirectCommon Stock04,951

20 of 20 insiders fully reconciled: starting holdings plus reported transactions match ending holdings (20 exactly, 0 with a minor or footnoted difference). Percentages cover 18 of 20 officers and directors. Left out: Richard Verma and Allan Golston (held no vested shares at the start). "Still held" compares ending with starting vested shares; a plus sign means the holding grew.

What explains the selling$1.4M of sales by plan status, purpose, seller and month

Officer and director open-market sales: $1.4M across 13,000 shares. Plan status and stated purpose are separate questions, and a sale can have both.

By plan status

No plan disclosed · $1.4M

Sales with no 10b5-1 plan and no tax reference in the filing. $1.1M of it is Joshua Nelson. No plan disclosed is a statement about the filing, not about why the sale happened. Largest such sale: Joshua Nelson, Aug 25, 2026

Taxes

65,165 shares ($6.9M) were withheld by the company for taxes, which isn't a market sale.

SellerShares soldProceedsUnder a disclosed planShare of totalSales dates
Joshua Nelson
Vice President
10K$1.1M0%78%Aug 25, 2026 to Aug 25, 2026
Stephon Jackson
Vice President
3K$308K0%22%May 13, 2026 to May 13, 2026

Sales by month

MonthSale proceedsDisclosed planTo cover taxesNo plan disclosed
Oct 2025$0$0$0$0
Nov 2025$0$0$0$0
Dec 2025$0$0$0$0
Jan 2026$0$0$0$0
Feb 2026$0$0$0$0
Mar 2026$0$0$0$0
Apr 2026$0$0$0$0
May 2026$308K$0$0$308K
Jun 2026$0$0$0$0
Jul 2026$0$0$0$0
Aug 2026$1.1M$0$0$1.1M
Sep 2026$0$0$0$0
Oct 2026$0$0$0$0
Is this normal? Selling year by year5 earlier years to compare with

Less than usual: about one-fifth of the 5-year average. 2 insiders sold; the average is 5 a year.

12 months endingShares soldInsiders who soldProceeds
Oct 9, 2026
Latest 12 months
13K2$1.4M
Oct 9, 2025
1 year earlier
13K3$1.4M
Oct 9, 2024
2 years earlier
101K6$10.3M
Oct 10, 2023
3 years earlier
69K5$8.0M
Oct 10, 2022
4 years earlier
53K4$8.9M
Oct 10, 2021
5 years earlier
118K8$20.9M

Open-market sales (Form 4 code S) by people who were officers or directors, in split-adjusted shares. Earlier years include people who have since left. A sale that an outside holder also reports (a family trust, a fund) is counted with outside holders in every year. Shares, not dollars, are compared, so a change in the stock price doesn't look like a change in selling. Years the filings don't fully cover are shown but left out of the average.

Known gaps and uncertaintyEvery officer and director reconciles

Every officer and director reconciles for this period.

Inferred rename: "Daugher" is treated as the same holder as "Daughter", because the old name was never reported again and the new one opened with the same balance (300 shares). Old name, new name

External context: we only cite outside events when a documented connection exists. None is shown for this period.

Sources and methodology2,144 filings from SEC EDGAR, and how we read them

All 2,144 Forms 3, 4 and 5 filed for T. Rowe Price (SEC CIK 1113169) from May 1, 2003 to Sep 30, 2026, retrieved from SEC EDGAR on Oct 9, 2026. Prices are the ones reported in each filing, often weighted averages. 5 older filings exist only on paper and could not be read.

Probable 2-for-1 stock split on or before Jun 23, 2006 (split date stated in a footnote). Splits aren't reported as transactions; 25 holding lines changed by exactly this ratio, so earlier share counts are restated.

Holdings. Each holding line (a share class plus an owner, such as a trust or LLC) carries its last reported balance forward. Entities first reported during the period start at zero, so transfers between an insider's own trusts don't count as selling. Lines not reported for three years or more are listed separately and left out of totals.

Sales. A sale counts as under a 10b5-1 plan if its footnote cites one or the filing's Rule 10b5-1 box is checked, and as tax-related if its footnote cites tax obligations or sell-to-cover. Shares withheld by the company for taxes are listed separately. Sales with neither attribute are labeled "no plan disclosed".

Full methodology

Former or inactive filers (46)No filing in 18 months; last reported balances, not in any total
NameLast filedLast reported balance
Andrew ThomsonDec 11, 2024119,577 shares, last reported balance as of Dec 10, 2024
Freeman Hrabowski IIIApr 1, 202446,615 shares, last reported balance as of Apr 29, 2024
William StrombergMar 1, 20241,315,735 shares, last reported balance as of Feb 29, 2024
William StrombergMar 1, 202454,000 shares, last reported balance as of Feb 29, 2024
Andrew McCormickDec 19, 202371,266 shares, last reported balance as of Dec 18, 2023
Robert HigginbothamDec 13, 202332,185 shares, last reported balance as of Dec 12, 2023
Mary BushMar 31, 202318,540 shares, last reported balance as of Mar 30, 2023
Olympia SnoweMar 31, 202222,790 shares, last reported balance as of Mar 30, 2022
Glenn AugustJan 6, 20222,371,616 shares, last reported balance as of Dec 30, 2021
Celine DufetelSep 1, 20215,565 shares, last reported balance as of Aug 31, 2021
Christopher AldersonDec 16, 2020332,256 shares, last reported balance as of Dec 15, 2020
Edward BernardApr 29, 2019959,098 shares, last reported balance as of Apr 26, 2019
Scott DavidApr 29, 201948,961 shares, last reported balance as of Apr 25, 2019
Brian RogersDec 12, 2018425,000 shares, last reported balance as of Dec 10, 2018
Edward WieseDec 12, 2018227,946 shares, last reported balance as of Dec 10, 2018
Lawrence Culp Jr.Apr 30, 201812,764 shares, last reported balance as of Apr 27, 2018
Lawrence Culp Jr.Apr 30, 2018249 shares, last reported balance as of Apr 27, 2018
Anne WhittemoreApr 2, 201825,074 shares, last reported balance as of Mar 29, 2018
Dwight TaylorApr 2, 2018No balance on record
Kenneth MorelandJan 4, 2018102,020 shares, last reported balance as of Jan 2, 2018
James KennedyApr 29, 20162,573,990 shares, last reported balance as of Apr 27, 2016
Alfred SommerMar 31, 201624,154 shares, last reported balance as of Mar 30, 2016
Donald Hebb Jr.Mar 7, 201666,824 shares, last reported balance as of Mar 4, 2016
William Strickland Jr.Dec 14, 201534,074 shares, last reported balance as of Dec 10, 2015
John LinehanDec 29, 2014230,725 shares, last reported balance as of Dec 26, 2014
Michael GitlinNov 4, 2014167,521 shares, last reported balance as of Nov 3, 2014
James BradyOct 31, 201324,566 shares, last reported balance as of Oct 29, 2013
Alfred Broaddus Jr.Mar 28, 201323,815 shares, last reported balance as of Mar 27, 2013
Wayne OmeliaDec 23, 2011579,390 shares, last reported balance as of Dec 22, 2011
Joseph CroteauDec 29, 2009270,568 shares, last reported balance as of Dec 21, 2009
Mary MillerDec 23, 2009955,811 shares, last reported balance as of Dec 22, 2009
David WarrenDec 17, 2008576,744 shares, last reported balance as of Dec 15, 2008
Henry HopkinsFeb 15, 20082,220,293 shares, last reported balance as of Feb 14, 2008
George RocheDec 22, 20064,918,438 shares, last reported balance as of Dec 22, 2006
Charles ViethDec 22, 2006765,589 shares, last reported balance as of Dec 22, 2006
George RocheDec 22, 200655,694 shares, last reported balance as of Dec 22, 2006
James RiepeApr 11, 20063,064,768 shares, last reported balance as of Apr 6, 2006
James RiepeApr 11, 2006360,000 shares, last reported balance as of Apr 6, 2006
Melody JonesDec 23, 20052,023 shares, last reported balance as of Dec 22, 2005
William GarrettNov 2, 2004No balance on record
Michael GoffJun 8, 200472,967 shares, last reported balance as of Jun 7, 2004
David TestaJun 2, 20042,514,853 shares, last reported balance as of Apr 30, 2004
William ReynoldsMay 27, 20041,657,022 shares, last reported balance as of Apr 30, 2004
John LaporteMay 3, 20043,694,210 shares, last reported balance as of Apr 6, 2004
Cris WasiakNov 21, 20032,723 shares, last reported balance as of Oct 31, 2003
Richard MenschelOct 30, 2003No balance on record

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