Form 4: Blackstone Executive Receives Equity Grant

Blackstone Inc. reports a significant equity grant to CFO & Vice Chairman Michael Chae, with vesting schedules extending to 2031.

Summary

• Michael Chae, CFO & Vice Chairman of Blackstone Inc., received a grant of 152,667 common stock shares on April 1, 2026.
• These shares are part of the Amended and Restated 2007 Equity Incentive Plan.
• The vesting schedule for these deferred restricted shares is staggered, with portions vesting annually from July 1, 2027, through July 1, 2031.
• Specific vesting percentages are outlined: 10% in 2027, 10% in 2028, 20% in 2029, and 30% each in 2030 and 2031.
• Upon vesting, shares will be delivered, with 1/4 of vested shares held back for future delivery as per the award agreement.
• Delivery may occur earlier in the event of a change in control of Blackstone.
• Following the transaction, Michael Chae beneficially owns 1,168,335 shares of common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, reflecting standard executive compensation practices rather than significant new financial performance indicators.

Positives

• Significant equity grant to a key executive, indicating confidence in future performance and retention.
• Long-term vesting schedule aligns executive incentives with the company's long-term strategy.
• The grant is part of an existing equity incentive plan, suggesting a structured approach to compensation.

Negatives

• A portion of vested shares will be held back, delaying full access for the executive.
• The vesting is contingent on continued employment and specific dates, implying potential forfeiture if conditions are not met.

Risks

• Potential for earlier delivery of shares upon a change in control could impact the planned vesting schedule.
• The executive's continued employment is a condition for vesting, posing a risk if the executive departs before vesting dates.

Future Outlook

The vesting schedule indicates a long-term commitment and alignment of executive incentives with the company's future performance, extending through July 2031.

Industry Context

StockSavvy.ai notes that equity grants to senior executives are a common practice in the asset management industry to incentivize long-term performance and retention, especially for firms like Blackstone that operate in a competitive global market.

Stakeholder Impact

• Shareholders: The grant aligns executive incentives with long-term company value creation.
• Employees: Reinforces the company's commitment to retaining key leadership.
• Management: Provides a significant long-term incentive for Michael Chae.

Next Steps

• Delivery of vested shares to Michael Chae according to the specified vesting schedule.
• Potential earlier delivery of shares upon a change in control of Blackstone.

Key Dates

Keywords

Blackstone Inc., Form 4, Equity Incentive Plan, Restricted Stock, Michael Chae, CFO, Vice Chairman, Beneficial Ownership, Vesting Schedule, SEC Filing