Form 4: BlackRock Director Amin H. Nasser Acquires Restricted Stock Units

Director Amin H. Nasser acquired 250 restricted stock units of BlackRock, Inc. on January 16, 2025, which will vest at the 2025 Annual Meeting of Shareholders.

Summary

• Amin H. Nasser, a director at BlackRock, Inc., was granted 250 restricted stock units on January 16, 2025.
• These units were granted under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.
• The value of the units was based on a price of $999.36 per share, which was the average of the high and low price of BlackRock's common stock on the grant date.
• The restricted stock units will vest upon Mr. Nasser's election or re-election at the 2025 Annual Meeting of Shareholders.
• The shares will be settled on the third anniversary of the grant date, unless Mr. Nasser elects to receive them upon ceasing to be a board member.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of restricted stock units aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The restricted stock units will vest at the 2025 Annual Meeting of Shareholders and settle three years after the grant date, unless the director leaves the board earlier.

Industry Context

This is a standard practice for compensating non-employee directors at publicly traded companies, aligning their interests with shareholders through equity-based compensation.

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a common practice among large publicly traded companies like BlackRock.
• Companies such as State Street Corporation (STT) and The Vanguard Group also use similar equity-based compensation plans for their directors.
• The vesting schedules and settlement terms are generally consistent with industry norms, often tied to board service and long-term value creation.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning director interests with long-term value creation.
• The director is incentivized to contribute to the company's success.

Next Steps

• The restricted stock units will vest at the 2025 Annual Meeting of Shareholders.
• The shares will be settled three years after the grant date, unless the director leaves the board earlier.

Key Dates

Keywords

restricted stock units, stock award, director compensation, BlackRock, equity, Amin H. Nasser, corporate governance