Form 4: BlackRock Director Fabrizio Freda Acquires 250 Restricted Stock Units

BlackRock director Fabrizio Freda acquired 250 restricted stock units on January 16, 2025, which will vest at the 2025 Annual Meeting of Shareholders.

Summary

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

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of granting restricted stock units to a director, which is a positive sign of aligning 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 will be settled in shares of Common Stock on the third anniversary of the grant date.

Industry Context

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

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a common practice among publicly traded companies.
• The vesting schedule, typically tied to board service and a future date, is also standard.
• Many companies use a similar approach to align director compensation with long-term shareholder value.

Stakeholder Impact

• Shareholders benefit from the alignment of director interests with long-term company performance.
• The grant of restricted stock units is a standard practice and does not have a significant impact on other stakeholders.

Next Steps

• The restricted stock units will vest at the 2025 Annual Meeting of Shareholders.
• The shares will be settled on the third anniversary of the grant date.

Key Dates

Keywords

BlackRock, restricted stock units, director, Fabrizio Freda, stock award, equity, vesting, shareholders