Form 4: Blackstone Director William G. Parrett Acquires Shares Through Equity Incentive Plan

Blackstone director William G. Parrett acquired 1,242 shares of common stock through a deferred restricted share grant, while also reporting indirect ownership of 61,585 shares.

Summary

• William G. Parrett, a director at Blackstone Inc., acquired 1,242 shares of common stock on November 9, 2024.
• These shares were granted under the company's Amended and Restated 2007 Equity Incentive Plan as deferred restricted shares.
• The shares will vest and be delivered on November 9, 2025, contingent on Mr. Parrett's continued service on the board.
• Mr. Parrett also indirectly owns 61,585 shares through limited liability companies where he serves as the manager.
• The reporting person disclaims beneficial ownership of the securities except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation. It is a positive sign that the director is receiving equity, aligning his interests with shareholders. There are no negative implications.

Positives

• The grant of restricted shares aligns the director's interests with the long-term performance of the company.
• The vesting period encourages continued service on the board.

Future Outlook

The deferred restricted shares will vest on November 9, 2025, contingent on the director's continued service on the board.

Management Comments

• The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest.

Industry Context

This is a standard SEC Form 4 filing, which is common for directors and officers of public companies when they acquire or dispose of company stock. It reflects standard practice for equity compensation.

Comparison to Industry Standards

• Equity incentive plans are a common practice among publicly traded companies to align the interests of directors and officers with those of shareholders.
• The vesting period of one year is a typical timeframe for restricted stock grants.
• The reporting of indirect ownership through LLCs is also a common practice for high-net-worth individuals.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Next Steps

• The director will need to continue his service on the board to receive the shares on the vesting date.

Key Dates

Keywords

Blackstone, Director, Equity Incentive Plan, Restricted Shares, Beneficial Ownership, Form 4, William G. Parrett