Form 4: Rochelle B. Lazarus Reports Acquisition of Blackstone Inc. Shares

Director Rochelle B. Lazarus reported acquiring 1,736 shares of Blackstone Inc. common stock on July 9, 2024, under the company's equity incentive plan.

Summary

• On July 9, 2024, Rochelle B. Lazarus, a director of Blackstone Inc., acquired 1,736 shares of common stock.
• These shares were granted under the Amended and Restated 2007 Equity Incentive Plan.
• The shares will vest and be delivered on July 9, 2025, contingent upon Lazarus's continued service on the board.
• Following the transaction, Lazarus directly owns 56,412 shares of Blackstone Inc. common stock.
• Lazarus also has indirect beneficial ownership of 2,950 shares held in trusts for her children, over which she shares investment control.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The acquisition of shares by a director suggests confidence in the company, but it's a routine transaction under an existing equity plan.

Positives

• The acquisition of shares by a director signals confidence in the company's future.
• The equity incentive plan aligns the interests of directors with those of shareholders.

Future Outlook

The deferred restricted shares will vest on July 9, 2025, subject to the Reporting Person's continued service on the board of directors of Blackstone Inc.

Management Comments

• The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest.

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 management and shareholder interests.
• Similar plans are used by companies like KKR & Co. Inc. and Apollo Global Management, Inc. to incentivize key personnel.

Stakeholder Impact

• The acquisition of shares by a director can positively influence shareholder sentiment.
• The equity incentive plan aligns the interests of directors with those of shareholders.

Next Steps

• The acquired shares will vest on July 9, 2025, contingent upon Lazarus's continued service on the board.

Key Dates