Form 4: BlackRock Director Margaret L. Johnson Reports Acquisition of Common Stock

Margaret L. Johnson, a director at BlackRock, reported the acquisition of 33 shares of common stock on September 30, 2024, according to a Form 4 filing with the SEC.

Summary

• On September 30, 2024, Margaret L. Johnson, a director of BlackRock, Inc., acquired 33 shares of common stock at a price of $0 per share.
• This acquisition was reported in a Form 4 filing with the SEC.
• Following the transaction, Johnson directly owns 2,628 shares of BlackRock common stock.
• She also indirectly owns 836 shares through a family trust.
• The acquisition was part of 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.
• The filing also notes that BlackRock, Inc. (formerly known as BlackRock Funding, Inc.) became the successor issuer to BlackRock Finance, Inc. (formerly known as BlackRock, Inc.) due to an internal reorganization on October 1, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of a director acquiring shares, which can be seen as a slightly positive signal, but it's not a major event.

Positives

• A director increasing their stake in the company can be seen as a positive signal.

Industry Context

Insider transactions are closely monitored by investors as they can provide insights into management's confidence in the company's prospects. This Form 4 filing is a routine disclosure required by the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The acquisition of shares by a director is a common occurrence and is comparable to similar filings from directors at other asset management firms like Franklin Resources or T. Rowe Price.

Key Dates