Form 4: BlackRock Director Kristin Peck Reports Acquisition of Common Stock
SEC Form 4 Filing
Kristin Peck, a director at BlackRock, reported acquiring 26 shares of common stock on September 30, 2024, according to a Form 4 filing with the SEC.
Summary
- On September 30, 2024, Kristin Peck, a director of BlackRock, acquired 26 shares of common stock at a price of $0 per share.
- Following this transaction, Peck directly owns 1,386 shares of BlackRock common stock.
- The acquisition was reported on a Form 4 filing with the SEC on October 2, 2024.
- The shares were granted under the Second Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan, based on a closing price of $949.51 per share on September 30, 2024.
- BlackRock, Inc. (formerly known as BlackRock Funding, Inc.) became the successor issuer to BlackRock Finance, Inc. (formerly known as BlackRock, Inc.) on October 1, 2024, following an internal reorganization.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of a stock acquisition by a director. While insider buying can be seen as a positive signal, this specific transaction appears to be part of a pre-existing compensation plan.
Positives
- A director increasing their holdings in the company can be seen as a positive signal.
Industry Context
Insider transactions are routinely monitored and reported to the SEC, providing transparency into the actions of company directors and officers.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for corporate insiders, such as directors and officers, to report transactions in their company's stock.
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
- Similar filings are made by insiders at companies like State Street Corporation (STT) and The Vanguard Group, reflecting standard compliance practices.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders.
- It provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Kristin Peck acquired 26 shares of BlackRock common stock. |
| 09/30/2024 | Closing price of BlackRock stock was $949.51 per share. |
| 10/01/2024 | BlackRock, Inc. became the successor issuer to BlackRock Finance, Inc. following an internal reorganization. |
| 10/01/2024 | Date of Power of Attorney execution. |
| 10/02/2024 | Date of Form 4 filing with the SEC. |
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