Form 4: BlackRock Director Charles Robbins Reports Acquisition of Common Stock

Director Charles Robbins reports acquiring 26 shares of BlackRock common stock on September 30, 2024.

Summary

• Charles Robbins, a director of BlackRock, Inc., filed a Form 4 on October 2, 2024, reporting a transaction.
• On September 30, 2024, Robbins acquired 26 shares of BlackRock common stock.
• The acquisition was part of the Second Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.
• The price per share was $949.51, which was the closing price of the stock on September 30, 2024.
• Following the transaction, Robbins directly owns 2,833 shares of BlackRock common stock.
• The filing also notes that BlackRock, Inc. (formerly known as BlackRock Funding, Inc.) became the successor issuer to BlackRock Finance, Inc. (formerly known as BlackRock, Inc.) due to an internal reorganization.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director acquiring shares, which is neither overwhelmingly positive nor negative.

Positives

• The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a director's acquisition of company stock, which is a common occurrence.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder sentiment.

Key Dates