Form 4: Blackstone Director Rochelle Lazarus Receives Equity Grant Under Incentive Plan
Insider Transaction Report
Blackstone Inc. Director Rochelle B. Lazarus was granted 1,334 shares of common stock under the company's equity incentive plan, vesting in July 2026.
Summary
- Rochelle B. Lazarus, a Director of Blackstone Inc. (BX), was granted 1,334 shares of common stock on July 9, 2025.
- The shares were granted under the Amended and Restated 2007 Equity Incentive Plan.
- These deferred restricted shares will vest, and the underlying shares will be delivered, on July 9, 2026, contingent upon Ms. Lazarus's continued service on the board of directors.
- The transaction price for these acquired shares was $0.0, indicating a grant rather than a purchase.
- Following this transaction, Ms. Lazarus directly beneficially owns 57,746 shares of common stock.
- Additionally, Ms. Lazarus indirectly beneficially owns 2,950 shares held in trusts for the benefit of her children, over which she shares investment control.
Sentiment
Score: 8
Explanation: The grant of equity to a director is a positive event as it aligns the director's financial interests with the long-term performance of the company and its shareholders, serving as a retention mechanism.
Positives
- The grant of 1,334 shares of common stock to a director aligns their interests with those of the shareholders, promoting long-term value creation.
- Equity grants serve as a retention mechanism for key board members, ensuring continuity and experience.
Future Outlook
The granted deferred restricted shares are scheduled to vest and be delivered on July 9, 2026, provided the reporting person continues her service on the board of directors.
Industry Context
This transaction represents a routine equity compensation grant to a director, common practice across publicly traded companies, particularly in the financial services and asset management sectors, to align leadership incentives with shareholder returns.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Authorization of Filings | Rochelle B. Lazarus executed a Power of Attorney on February 27, 2025, appointing Stephen A. Schwarzman, Jonathan D. Gray, Michael S. Chae, John G. Finley, Vikrant Sawhney, and Victoria Portnoy as attorneys-in-fact. These individuals are authorized to execute and file Forms 3, 4, and 5 on her behalf with the SEC, ensuring compliance with Section 16(a) of the Securities Exchange Act of 1934. | 02/27/2025 | This streamlines the process for insider trading compliance filings for the director, ensuring timely and accurate reporting of beneficial ownership changes. |
Related Party Transactions
- Rochelle B. Lazarus indirectly beneficially owns 2,950 shares held in trusts for the benefit of her children, over which she shares investment control. This is a standard disclosure for beneficial ownership.
Stakeholder Impact
- Shareholders: The equity grant aligns the director's interests with shareholders, potentially fostering decisions that enhance long-term shareholder value.
- Employees: No direct impact on general employees is indicated by this filing.
- Customers: No direct impact on customers is indicated by this filing.
- Suppliers: No direct impact on suppliers is indicated by this filing.
- Creditors: No direct impact on creditors is indicated by this filing.
Next Steps
- Vesting and delivery of the 1,334 deferred restricted shares on July 9, 2026, contingent on continued board service.
Key Dates
| Date | Description |
|---|---|
| 02/27/2025 | Date Rochelle B. Lazarus executed the Power of Attorney authorizing designated individuals to file Forms 3, 4, and 5 on her behalf. |
| 07/09/2025 | Date of the grant of 1,334 shares of common stock to Rochelle B. Lazarus. |
| 07/10/2025 | Date the Form 4 was signed and filed by Victoria Portnoy as Attorney-In-Fact. |
| 07/09/2026 | Vesting date for the 1,334 deferred restricted shares, subject to continued board service. |
Keywords
Blackstone Inc., BX, Rochelle B. Lazarus, Director, Equity Grant, Common Stock, SEC Form 4, Insider Transaction, Equity Incentive Plan, Vesting, Corporate Governance
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