T. Rowe Price renews employment agreement with Oak Hill Advisors CEO Glenn August
T. Rowe Price approved an amended and restated employment agreement with Glenn R. August, CEO of its Oak Hill Advisors (OHA) unit, dated April 21, 2026. The filing sets his base salary at $350,000 and outlines severance, non-compete terms and a new OHA partner bonus structure, which ties his pay to OHA fee revenue and growth.
Key points
- Base salary of $350,000 per year under the amended agreement dated April 21, 2026
- Severance if terminated without cause or for good reason: 12 months of base salary continuation and 12 months of COBRA premium payments, plus a prorated bonus
- For 2027, August was awarded a 16.333% allocation from the OHA Partner Cash Compensation Pool and 8.166% of the Value Creation Incentive Plan pool
- Supplemental Compensation Pool funded up to $20 million annually from 2027 through 2030
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:42 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 22, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.