Form 4: BlackRock Director Fabrizio Freda Acquires Shares Through Stock Award

BlackRock director Fabrizio Freda acquired 28 shares of common stock through a stock award on December 31, 2024.

Summary

• Fabrizio Freda, a director at BlackRock, Inc., acquired 28 shares of common stock on December 31, 2024.
• The acquisition was part of a stock award under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.
• The stock was valued at $1,025.11 per share, which was the closing price of BlackRock stock on December 31, 2024.
• Following the transaction, Freda directly owns 7,632 shares of BlackRock common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to positively. It indicates alignment of interests.

Positives

• The stock award indicates continued alignment of director interests with shareholder value.
• The acquisition increases the director's stake in the company.

Industry Context

This is a routine filing related to director compensation and is common practice for publicly traded companies.

Comparison to Industry Standards

• Stock awards are a common form of compensation for directors in publicly traded companies, aligning their interests with shareholders.
• The value of the award is based on the closing price of the stock on the grant date, which is a standard practice.
• Other financial institutions such as State Street and Invesco also use stock awards as part of their director compensation packages.

Stakeholder Impact

• The stock award aligns the director's interests with those of shareholders.
• The transaction has a minimal impact on other stakeholders.

Key Dates

Keywords

BlackRock, Director, Stock Award, Common Stock, Beneficial Ownership, Fabrizio Freda, Equity Securities