Form 4: BlackRock Executive Christopher J. Meade Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Christopher J. Meade, General Counsel and CLO of BlackRock, reports acquisition and disposal of BlackRock common stock and restricted stock units on January 31, 2025.
Summary
- On January 31, 2025, Christopher J. Meade, General Counsel and CLO of BlackRock, reported changes in beneficial ownership of BlackRock, Inc. stock.
- Meade acquired 827 shares of common stock related to a 2021 performance incentive plan award.
- These shares were converted from restricted stock units based on the company's performance, representing 43% of the original award.
- BlackRock withheld 1,180 shares of common stock to satisfy tax obligations related to the vesting of Meade's awards.
- Following these transactions, Meade beneficially owns 9,859 shares of BlackRock common stock, including restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
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. This filing indicates activity by a high-ranking executive at BlackRock.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies like BlackRock, ensuring compliance with SEC regulations.
- Similar filings are made by executives at other major asset management firms such as T. Rowe Price and Franklin Resources, reflecting their individual stock transactions.
- The details of the transactions, such as the number of shares and the reasons for acquisition or disposal, are specific to the individual executive and their compensation or tax obligations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the stock transactions of a key executive.
- The transactions themselves are unlikely to have a significant impact on other stakeholders.
Key Dates
| Date | Description |
|---|---|
| January 18, 2022 | Date used to calculate the value of Restricted Stock Units, using an average price per share of $832.07. |
| January 31, 2025 | Date of the reported transactions involving BlackRock common stock and restricted stock units. |
| February 04, 2025 | Date of signature for the Form 4 filing. |
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