Form 4: BlackRock Director Hans Vestberg Reports Acquisition and Disposal of Common Stock

Director Hans Vestberg reports changes in beneficial ownership of BlackRock common stock following a transaction on September 30, 2024.

Summary

• Hans Vestberg, a director of BlackRock, Inc., filed a Form 4 on October 2, 2024, reporting changes in his beneficial ownership of the company's common stock.
• On September 30, 2024, Vestberg acquired 32 shares of common stock and disposed of 1,444 shares.
• The acquisition of 32 shares was related to common stock granted to Nonemployee Directors under the Second Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan, based on a price of $949.51 per share.
• Following the reported transactions, Vestberg directly owns 1,444 shares of BlackRock common stock.
• The filing also includes a Power of Attorney, effective October 1, 2024, authorizing R. Andrew Dickson III, Christopher J. Meade, and Laura Hildner to act on Vestberg's behalf in matters related to Section 16 filings.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a company director.

Key Dates