Pay Versus Performance Table for Fiscal Year 2024

The Pay Versus Performance Table below discloses the relationship between the compensation actually paid (“CAP”) to the executive officers and the Company’s financial performance during the years ended December 31, 2020, 2021, 2022, 2023, and 2024. The compensation information presented in this table is different from compensation information presented in the CD&A and in the Summary Compensation Table above. The differences can largely be attributed to variation in the treatment of stock awards in each of these tables as described in greater detail below.

•	The compensation presented in the “2024 Compensation for the CEO and Other NEOs” section of the CD&A illustrates compensation paid or granted to NEOs based on their performance during the 2024 performance period as determined by the scorecard approach.The stock awards shown as “JHG RSUs” and “JHG PSUs” in these tables include the portions of 2024 total variable compensation that will be deferred into JHG RSUs and JHG PSUs when they are granted in February 2025.
•	In accordance with SEC rules, the Stock Awards column in the Summary Compensation Table includes the aggregate grant date fair values of the RSUs and PSUs granted during 2024, even though the number of RSUs and PSUs granted was determined based on the 2023 performance of the executive officers.
•	The Pay Versus Performance Table below differs from both the information presented in the CD&A and in the Summary Compensation Table, because it calculates actual compensation based on different methodologies, including the value of outstanding unvested stock awards as of December 31, 2024.

			Summary							Average SCT		Average Compensa-		Value of Initial Fixed $100 Investment Based On:
Year	Summary Compensa- tion Table Total for Ali Dibadj ($)		Compensa- tion Table Total for Richard Weil ($)		Compensa- tion Actually Paid to Ali Dibadj ($)⁽¹⁾		Compensat- ion Actually Paid to Richard Weil ($)⁽¹⁾			Total for Non-PEO Named Executive Officers ($)		tion Actually Paid to Non- PEO Named Executive Officers ($)⁽²⁾		Total Shareholder Return ($)		Peer Group Total Shareholder Return ($)⁽³⁾		Net Income (millions) ($)		Adjusted Operating Margin (%)⁽⁴⁾⁽⁵⁾
2024		13,280,207		—		19,760,776		—			3,233,242		4,148,705		227.14		232.43		408.9		34.4
2023^(1a)		9,883,732		—		12,029,045		—			2,361,882		2,925,173		153.98		168.44		393.0		30.9
2022		7,947,815		4,515,893		8,027,246		(2,057,211	)		3,259,428		2,559,255		113.22		128.15		372.4		33.8
2021		—		9,317,046		—		15,802,892			2,613,369		3,185,241		190.36		171.06		620.0		43.4
2020		—		8,388,794		—		12,221,851			2,046,390		2,565,353		141.94		115.88		130.3		38.1

(1)	The amounts in the following table represent each of the amounts deducted and added to the equity award values for our Principal Executive Officer (“*PEO*”), which in our case is the CEO, for the applicable year for purposes of computing the CAP amounts appearing in these columns of the Pay Versus Performance Table:
(2)
(3)
(4)
(5)	Adjusted operating margin is adjusted operating income divided by adjusted revenue for 2024. This measure has been designated as the “Company-Selected Measure” for 2024, in accordance with SEC rules, and represents the most important financial performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link CAP to our NEOs in 2024.
(1a)	In accordance with SEC rules, the amounts in this column for 2024 are, with the exception of Mr. Cassidy, the aggregate grant date fair values of the RSUs and PSUs granted during 2024, even though the value awarded was based on 2023 performance. For Mr. Cassidy, the amount in this column for 2024 represents a new hire RSU award, granted upon hire in August 2024.

⁽¹⁾	The amounts in the following table represent each of the amounts deducted and added to the equity award values for our Principal Executive Officer (“*PEO*”), which in our case is the CEO, for the applicable year for purposes of computing the CAP amounts appearing in these columns of the Pay Versus Performance Table:

Year	PEO Name	Grant Date Fair Value of Equity Awards Granted During Applicable Year ($)⁽ⁱ⁾			Year-End Fair Value of Equity Awards Granted During Applicable Year ($)		Change in Fair Value as of Year-End of Any Prior Year Awards that Remain Unvested as of Year-End ($)			Fair Value of Awards Granted and Vested in the Applicable Year ($)		Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year ($)			Dollar Value of Any Dividends or Other Earnings Paid on Stock Awards Prior to the Vesting Date ($)⁽ⁱⁱ⁾		Total Equity Value Adjustments Reflected in Compensation Actually Paid ($)⁽ⁱⁱⁱ⁾
2024	Ali Dibadj		(7,192,559	)		9,835,998		3,298,552			—		189,303			349,275		6,480,569
2023	Ali Dibadj		(5,950,035	)		6,537,666		928,538			—		280,749			348,395		2,145,313
2022	Ali Dibadj		(5,000,022	)		4,916,409		—			—		—			163,044		79,431
2022	Richard Weil		(1,000,027	)		697,321		(2,409,840	)		—		(3,895,246	)		34,688		(6,573,104	)
2021	Richard Weil		(1,950,007	)		3,607,008		4,928,291			—		(101,092	)		1,646		6,485,846
2020	Richard Weil		(1,856,267	)		3,151,292		2,504,043			—		3,233			30,756		3,833,057

	⁽ⁱ⁾	Represents the deduction of amounts reported in the Stock Awards column of the Summary Compensation Table.
	⁽ⁱⁱ⁾	Represents dividends paid or accrued on stock awards for the applicable year, prior to the vesting date(s) that are not otherwise reflected in the CAP to the applicable PEO.
	⁽ⁱⁱⁱ⁾	Represents the total adjustments to the Summary Compensation Table in respect of equity awards for the applicable year, as reflected in CAP.
	^(1a)	In accordance with SEC rules, the amounts in this column for 2024 are, with the exception of Mr. Cassidy, the aggregate grant date fair values of the RSUs and PSUs granted during 2024, even though the value awarded was based on 2023 performance. For Mr. Cassidy, the amount in this column for 2024 represents a new hire RSU award, granted upon hire in August 2024.

⁽²⁾	The amounts in the following table represent each of the amounts deducted and added to the equity award values for the non-PEO NEOs for the applicable year for purposes of computing the CAP amounts appearing in the Pay Versus Performance Table:

Year	NEO Names	Grant Date Fair Value of Equity Awards Granted During Applicable Year ($)			Year-End Fair Value of Equity Awards Granted During Applicable Year ($)		Change in Fair Value as of Year- End of Any Prior Year Awards that Remain Unvested as of Year-End ($)			Fair Value of Awards Granted and Vested in the Applicable Year ($)		Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year ($)			Dollar Value of Any Dividends or Other Earnings Paid on Stock Awards Prior to the Vesting Date ($)⁽ⁱ⁾		Total Equity Value Adjustments Reflected in Compensation Actually Paid ($)⁽ⁱⁱ⁾
2024⁽ⁱⁱⁱ⁾	2024 AVERAGE		(1,570,077	)		2,031,743		335,770			—		35,709			82,318		915,463
2023^(iv)	2023 AVERAGE		(1,015,966	)		1,116,304		294,447			—		56,082			112,424		563,291
2022^(v)(vi)	2022 AVERAGE		(1,875,254	)		1,320,305		(377,728	)		474,002		(340,406	)		98,908		(700,173	)
2021^(vii)	2021 AVERAGE		(547,511	)		781,573		284,199			—		(11,677	)		65,288		571,872
2020^(viii)	2020 AVERAGE		(444,495	)		692,739		249,241			—		(32,744	)		54,222		518,963

	⁽ⁱ⁾	Represents dividends paid or accrued on stock awards for the applicable year, prior to the vesting date(s) that are not otherwise reflected in the CAP to the non-PEO NEOs.
	⁽ⁱⁱ⁾	Represents the total adjustments to the Average Summary Compensation Table Total in respect of equity awards for the applicable year, as reflected in CAP.
	⁽ⁱⁱⁱ⁾	2024 NEOs include: Messrs. Thompson, Cassidy, and Lowry and Ms. Rosenberg.
	^(iv)	2023 NEOs include: Messrs. Thompson and Lowry, Ms. Rosenberg, and Georgina Fogo, Chief Risk Officer.
	^(v)	2022 NEOs include: Mr. Thompson, Mses. Fogo; Rosenberg, Tiphani Krueger, former Global Head of Human Resources, and Suzanne Cain, former Global Head of Distribution. Mr. Thompson served as our Interim Chief Executive Officer from April 1, 2022, until Mr. Dibadj’s appointment on June 21, 2022. In connection with Mr. Thompson’s interim role, he continued to receive the same salary he received in 2022 for his role as Chief Financial Officer. Accordingly, Mr. Thompson’s 2022 compensation has been included in the average compensation column for our non-PEO NEOs.
	^(vi)	In 2021, the Compensation Committee considered the uncertainty caused by the former CEO’s retirement, combined with an increase in shareholder activism, and decided to grant one-time Transition Awards to each of the NEOs to reinforce leadership stability. Such awards were granted in February 2022 after the end of the 2021 performance year. An unintended consequence of this timing is that the Transition Awards are included in 2022 compensation, which could be interpreted to suggest that our NEOs received compensation increases for disappointing performance in 2022 rather than the performance year in which the value was determined.
	^(vii)	2021 NEOs include: Mr. Thompson, Mses. Cain, Fogo, and Rosenberg.
	^(viii)	2020 NEOs include: Mr. Thompson, Mses. Cain, Fogo, and Rosenberg.


⁽³⁾	The companies included in the peer group TSR calculations are the publicly traded companies included in the S&P US BMI Asset Management & Custody Banks Index used by the Company for purposes of disclosing our cumulative TSR in our Annual Report on Form 10-K for the fiscal year ended December 31, 2024. The S&P US BMI Asset Management & Custody Banks Index is a market-value weighted index of 36 asset management companies.
⁽⁴⁾	In addition to financial results reported in accordance with GAAP, we report certain financial measures on a non-GAAP basis. These measures are not in accordance with, or a substitute for, GAAP, and our financial measures may differ from the non-GAAP financial measures used by other companies. For additional information, see Annex A, “Reconciliation of Non-GAAP Financial Measures”.
⁽⁵⁾	Adjusted operating margin is adjusted operating income divided by adjusted revenue for 2024. This measure has been designated as the “Company-Selected Measure” for 2024, in accordance with SEC rules, and represents the most important financial performance measure (that is not otherwise required to be disclosed in the table) used by the Company to link CAP to our NEOs in 2024.

Named Executive Officers, Footnote

2024 NEOs include: Messrs. Thompson, Cassidy, and Lowry and Ms. Rosenberg. 2023 NEOs include: Messrs. Thompson and Lowry, Ms. Rosenberg, and Georgina Fogo, Chief Risk Officer. 2022 NEOs include: Mr. Thompson, Mses. Fogo; Rosenberg, Tiphani Krueger, former Global Head of Human Resources, and Suzanne Cain, former Global Head of Distribution. Mr. Thompson served as our Interim Chief Executive Officer from April 1, 2022, until Mr. Dibadj’s appointment on June 21, 2022. In connection with Mr. Thompson’s interim role, he continued to receive the same salary he received in 2022 for his role as Chief Financial Officer. Accordingly, Mr. Thompson’s 2022 compensation has been included in the average compensation column for our non-PEO NEOs. 2021 NEOs include: Mr. Thompson, Mses. Cain, Fogo, and Rosenberg. 2020 NEOs include: Mr. Thompson, Mses. Cain, Fogo, and Rosenberg.

Adjustment To PEO Compensation, Footnote [Text Block]

Year	PEO Name	Grant Date Fair Value of Equity Awards Granted During Applicable Year ($)⁽ⁱ⁾			Year-End Fair Value of Equity Awards Granted During Applicable Year ($)		Change in Fair Value as of Year-End of Any Prior Year Awards that Remain Unvested as of Year-End ($)			Fair Value of Awards Granted and Vested in the Applicable Year ($)		Change in Fair Value as of the Vesting Date of Any Prior Year Awards that Vested During Applicable Year ($)			Dollar Value of Any Dividends or Other Earnings Paid on Stock Awards Prior to the Vesting Date ($)⁽ⁱⁱ⁾		Total Equity Value Adjustments Reflected in Compensation Actually Paid ($)⁽ⁱⁱⁱ⁾
2024	Ali Dibadj		(7,192,559	)		9,835,998		3,298,552			—		189,303			349,275		6,480,569
2023	Ali Dibadj		(5,950,035	)		6,537,666		928,538			—		280,749			348,395		2,145,313
2022	Ali Dibadj		(5,000,022	)		4,916,409		—			—		—			163,044		79,431
2022	Richard Weil		(1,000,027	)		697,321		(2,409,840	)		—		(3,895,246	)		34,688		(6,573,104	)
2021	Richard Weil		(1,950,007	)		3,607,008		4,928,291			—		(101,092	)		1,646		6,485,846
2020	Richard Weil		(1,856,267	)		3,151,292		2,504,043			—		3,233			30,756		3,833,057

	⁽ⁱ⁾	Represents the deduction of amounts reported in the Stock Awards column of the Summary Compensation Table.
	⁽ⁱⁱ⁾	Represents dividends paid or accrued on stock awards for the applicable year, prior to the vesting date(s) that are not otherwise reflected in the CAP to the applicable PEO.
	⁽ⁱⁱⁱ⁾	Represents the total adjustments to the Summary Compensation Table in respect of equity awards for the applicable year, as reflected in CAP.
	^(1a)	In accordance with SEC rules, the amounts in this column for 2024 are, with the exception of Mr. Cassidy, the aggregate grant date fair values of the RSUs and PSUs granted during 2024, even though the value awarded was based on 2023 performance. For Mr. Cassidy, the amount in this column for 2024 represents a new hire RSU award, granted upon hire in August 2024.

Non-PEO NEO Average Compensation Actually Paid Amount

^[2]

$ 4,148,705

2,925,173

^[1]

2,559,255

3,185,241

2,565,353

Compensation Actually Paid vs. Total Shareholder Return

Compensation Actually Paid vs. Company Selected Measure

Tabular List, Table

Most Important Performance Measures to Determine Compensation Actually Paid

The four items below represent the most important performance measures we used to determine CAP to our NEOs in 2024, as described in the “Compensation Discussion and Analysis” section titled “2024 Compensation for the CEO and Other NEOs”.

Most Important Performance Measures

Adjusted Operating Margin

Annual Net New Revenue

Total Shareholder Return

% Assets Outperforming Benchmarks