Form 4: BlackRock Director Mark A. Wilson Acquires Restricted Stock Units

BlackRock director Mark A. Wilson was granted 250 restricted stock units on January 16, 2025, which will vest at the 2025 Annual Meeting of Shareholders.

Summary

• Mark A. Wilson, a director at BlackRock, Inc., acquired 250 restricted stock units on January 16, 2025.
• These units were granted under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.
• The value of the 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 the grant date.
• The restricted stock units will vest upon Mr. Wilson's election or re-election at the 2025 Annual Meeting of Shareholders.
• The shares will be settled on the third anniversary of the grant date, unless Mr. Wilson elects to receive them upon ceasing to be a board member.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction of stock units to a director, which is a normal part of corporate governance and compensation. It is neither particularly positive nor negative.

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 those of shareholders.

Comparison to Industry Standards

• Granting restricted stock units to directors is a common practice among large financial institutions like BlackRock.
• Companies such as State Street and Vanguard also use similar equity-based compensation plans for their board members.
• The vesting schedules and settlement terms are generally consistent with industry norms, designed to incentivize long-term commitment and performance.

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.

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, stock award, equity, insider trading, corporate governance