Form 4: BlackRock Director Marco Antonio Slim Domit Acquires Restricted Stock Units

BlackRock director Marco Antonio Slim Domit was granted 250 restricted stock units on January 16, 2025, which will vest at the 2025 Annual Meeting of Shareholders.

Summary

• Marco Antonio Slim Domit, a director at BlackRock, Inc., was granted 250 restricted stock units on January 16, 2025.
• The grant was made under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.
• The value of the restricted stock units was based on a price of $999.36 per share, which was the average of the high and low price of BlackRock's common stock on that day.
• The restricted stock units will vest upon Mr. Slim Domit'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 Mr. Slim Domit elects to receive them upon ceasing to be a board member.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of equity compensation for a director, which is generally viewed positively as it aligns 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 settle three years after the grant date, unless the director leaves the board earlier.

Industry Context

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

Comparison to Industry Standards

• Granting restricted stock units to non-employee directors is a common practice among large publicly traded companies like BlackRock.
• Companies such as State Street and Invesco also use similar equity-based compensation plans for their directors.
• The vesting period of three years is also typical, encouraging long-term commitment from board members.
• The valuation method, using the average of the high and low stock price on the grant date, is a standard approach for determining the value of equity grants.

Stakeholder Impact

• 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, which is beneficial for the company and its stakeholders.

Next Steps

• The restricted stock units will vest at the 2025 Annual Meeting of Shareholders.
• The shares will be settled three years after the grant date, unless the director leaves the board earlier.

Key Dates

Keywords

BlackRock, restricted stock units, director, equity compensation, stock award, corporate governance