Form 4: Blackstone Inc. President & COO Jonathan Gray Reports Acquisition of Deferred Restricted Shares

Jonathan Gray, President & COO of Blackstone Inc., reports the acquisition of deferred restricted shares under the company's equity incentive plan.

Summary

• On April 1, 2025, Jonathan Gray, President & COO of Blackstone Inc., filed a Form 4 disclosing changes in beneficial ownership of the company's common stock.
• Gray acquired 201,621 shares of common stock as deferred restricted shares under the Amended and Restated 2007 Equity Incentive Plan.
• The reported transaction increased Gray's total beneficial ownership to 3,324,539 shares.
• The deferred restricted shares will vest in installments from July 1, 2026, to July 1, 2030.
• A portion of the vested shares will be held back and delivered on a future date, as per the award agreement.
• A Power of Attorney was executed on February 27, 2025, granting certain individuals the authority to execute Forms 3, 4, and 5 on behalf of Jonathan D. Gray.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally. The vesting schedule suggests a positive outlook for executive retention and alignment with company performance.

Positives

• The acquisition of deferred restricted shares aligns Jonathan Gray's interests with the long-term performance of Blackstone Inc.
• The staggered vesting schedule encourages continued service and commitment from the executive.
• The Power of Attorney simplifies the administrative process for SEC filings.

Future Outlook

The document outlines the vesting schedule for the deferred restricted shares, indicating a long-term incentive structure for the executive.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Blackstone's equity incentive plan is a common practice among publicly traded companies to align executive compensation with shareholder value.
• Vesting schedules are typically structured to incentivize long-term performance and retention, similar to practices at firms like KKR and Apollo Global Management.
• The use of deferred restricted shares is a standard method for granting equity compensation to executives in the financial industry.

Stakeholder Impact

• Shareholders may view the equity grant as a positive sign of management's commitment to the company's long-term success.
• Employees may see the grant as a reflection of the company's investment in its leadership.

Key Dates

Keywords

Form 4, Blackstone Inc., Jonathan Gray, Beneficial Ownership, Deferred Restricted Shares, Equity Incentive Plan, Power of Attorney, SEC Filing