XML 40 R29.htm IDEA: XBRL DOCUMENT
v3.25.2

LONG-TERM INCENTIVE COMPENSATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Roll Forward of Stock Options | The following table summarizes the status of, and changes in, our stock options during the six months ended June 30, 2025.
| Options |  | Weighted- average exercise price
Outstanding at December 31, 2024 | 661,377 |  |  | $ | 73.76 |
Exercised | (367,630) |  |  | $ | 76.88 |
Expired | (1,560) |  |  | $ | 79.71 |
Outstanding and exercisable at June 30, 2025 | 292,187 |  |  | $ | 69.81 |
Schedule of Roll Forward of Nonvested Restricted Stock Units | The following table summarizes the status of, and changes in, our nonvested restricted stock units during the six months ended June 30, 2025.
|  |  | Restricted stock units |  | Weighted-average fair value
Nonvested at December 31, 2024 |  |  | 6,001,579 |  |  | $ | 124.73 |
Time-based grants |  |  | 21,511 |  |  | $ | 99.77 |
Vested |  |  | (21,304) |  |  | $ | 124.40 |
Forfeited |  |  | (122,769) |  |  | $ | 126.89 |
Nonvested at June 30, 2025 |  |  | 5,879,017 |  |  | $ | 124.60 |
Below is a roll forward of the restricted fund units liability which is reported in deferred compensation liabilities on the unaudited consolidated balance sheet.
(in millions) |
Balance at December 31, 2024 | $ | 14.7 |
Amortization of grant date value | 22.9 |
Amortization of market appreciation (depreciation) | 2.3 |
Balance at June 30, 2025 | $ | 39.9 |
Schedule of Future Stock-based Compensation Expense | The following table presents the compensation expense to be recognized over the remaining vesting periods of the stock-based awards outstanding at June 30, 2025. Estimated future compensation expense will change to reflect future grants of restricted stock awards and units, future option grants, changes in the probability of performance thresholds being met, and adjustments for actual forfeitures.
(in millions) |
Third quarter 2025 | $ | 51.0 |
Fourth quarter 2025 | 44.3 |
2026 | 99.3 |
2027 through 2030 | 66.4 |
Total | $ | 261.0 |
Schedule of Future Stock-based Compensation Expense to be Recognized over the Remaining Vesting Periods of the Restricted Fund Unit Awards | The following table presents the compensation expense to be recognized over the remaining vesting periods of the restricted fund units outstanding at June 30, 2025. Estimated future compensation expense will change to reflect future grants, changes in the market value of the restricted fund units which is based on selected hypothetical investments, and adjustments for actual forfeitures. The grants outstanding will vest by 2029.
(in millions) |  |  |
Third quarter 2025 |  |  | $ | 11.7 |
Fourth quarter 2025 |  |  | 9.6 |
2026 |  |  | 24.1 |
2027 through 2029 |  |  | 22.6 |
Total |  |  | $ | 68.0 |

X
- Definition Share-Based Payment Arrangement, Employee Service Restricted Fund Units, Estimated Future Compensation Expense + References No definition available. + Details
Name: | trow_ShareBasedPaymentArrangementEmployeeServiceRestrictedFundUnitsEstimatedFutureCompensationExpenseTableTextBlock
Namespace Prefix: | trow_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (i) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration