Form 4: BlackRock Executive J. Richard Kushel Reports Sale of Common Stock

J. Richard Kushel, a Senior Managing Director at BlackRock, reported the sale of 2,000 shares of common stock at an average price of $852.0061 on April 21, 2025.

Summary

• On April 21, 2025, J. Richard Kushel, a Senior Managing Director at BlackRock, sold 2,000 shares of BlackRock common stock.
• The sale was executed at a weighted average price of $852.0061 per share.
• Following the transaction, Kushel directly owns 66,034.34 shares of common stock, which includes common stock and restricted stock units vesting over 1 to 3 years.
• Kushel also indirectly owns shares through family trusts, including 26,153 shares by Family Trust, 1,000 shares by Family Trust, 1,000 shares by Family Trust, 45,000 shares by The Kushel Family 2011 Dynasty Trust, and 3,720 shares by The Kushel Family 2018 Trust.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard insider transaction disclosure. The sale itself doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine disclosure of an insider transaction and doesn't necessarily indicate a broader trend within BlackRock or the asset management industry.

Stakeholder Impact

• The sale of shares by a high-ranking executive could be perceived negatively by some shareholders, although it is a relatively small transaction.

Key Dates

Keywords

BlackRock, BLK, J. Richard Kushel, Form 4, insider trading, common stock, securities, ownership