Form 4: Blackstone Inc. CFO Michael Chae Reports Acquisition and Disposal of Common Stock

CFO & Vice Chairman of Blackstone, Michael Chae, reports acquisition of 33,604 shares and disposal of 873,683 shares of common stock on January 10, 2025.

Summary

• Michael Chae, CFO & Vice Chairman of Blackstone Inc., filed a Form 4 on January 14, 2025.
• The report details changes in beneficial ownership of Blackstone's common stock.
• On January 10, 2025, Chae acquired 33,604 shares of common stock.
• On the same day, Chae disposed of 873,683 shares of common stock.
• Following these transactions, Chae directly owns 873,683 shares of Blackstone Inc.
• The acquisition of 33,604 shares was granted under the Amended and Restated 2007 Equity Incentive Plan.
• These deferred restricted shares will vest ratably over a three-year period.
• 11,201 shares will vest on January 1, 2026, 11,202 shares on January 1, 2027, and 11,201 shares on January 1, 2028, subject to continued employment.
• The underlying shares will be delivered to Chae as the deferred restricted shares vest.
• The shares may be delivered earlier upon a change in control of Blackstone.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral.

Positives

• The vesting of deferred restricted shares incentivizes continued employment with Blackstone.

Future Outlook

The deferred restricted shares will continue to vest over the next three years, subject to the Reporting Person's continued employment with Blackstone.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.

Stakeholder Impact

• The transactions may provide insights into management's perspective on the company's value.

Key Dates