Form 4: Blackstone Mortgage CFO Reports Stock Transactions
Insider Transaction Report
Blackstone Mortgage Trust's Deputy CFO, Marcin Urbaszek, reported the acquisition of restricted stock and subsequent sale of shares to cover tax obligations.
Summary
- Marcin Urbaszek, Deputy Chief Financial Officer of Blackstone Mortgage Trust, Inc. (BXMT), reported transactions involving Class A Common Stock.
- On December 15, 2025, Mr. Urbaszek acquired 15,337 shares of restricted Class A Common Stock at a price of $0, granted under the Issuer's Stock Incentive Plan.
- Following this acquisition, his direct beneficial ownership increased to 27,028 shares.
- On December 17, 2025, Mr. Urbaszek sold 400 shares of Class A Common Stock at a price of $20.2901 per share.
- This sale was executed pursuant to a Rule 10b5-1 trading plan adopted on March 6, 2025, specifically to satisfy tax withholding obligations related to the vesting of previously granted restricted stock awards.
- After the sale, Mr. Urbaszek's direct beneficial ownership stands at 26,628 shares.
Sentiment
Score: 5
Explanation: The filing reports routine insider transactions, including a restricted stock grant and a sale for tax withholding, which are neutral events in terms of company performance or outlook.
Positives
- The Deputy Chief Financial Officer received a grant of 15,337 shares of restricted Class A Common Stock under the company's Stock Incentive Plan, indicating continued alignment of management interests with shareholders.
Negatives
- The Deputy Chief Financial Officer sold 400 shares of Class A Common Stock, although this was for tax withholding purposes related to restricted stock vesting.
Future Outlook
This filing does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing details a routine insider transaction for an executive at Blackstone Mortgage Trust, Inc. It does not provide broader industry context or trends.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Trading Plan Adoption | The reporting person adopted a Rule 10b5-1 trading plan on March 6, 2025, to manage the sale of shares for tax withholding obligations related to restricted stock vesting. | 03/06/2025 | This demonstrates adherence to SEC regulations for insider trading, providing an affirmative defense against claims of trading on material non-public information. |
Stakeholder Impact
- Shareholders: The grant of restricted stock aligns the Deputy CFO's interests with shareholders, while the sale for tax purposes is a common and expected event for executives receiving equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/06/2025 | Date Rule 10b5-1 trading plan was adopted to satisfy tax withholding obligations. |
| 12/15/2025 | Date of acquisition of 15,337 shares of restricted Class A Common Stock. |
| 12/17/2025 | Date of disposition of 400 shares of Class A Common Stock. |
Keywords
BXMT, Form 4, Insider Transaction, Stock Grant, Restricted Stock, Executive Compensation, Rule 10b5-1 Plan, Blackstone Mortgage Trust
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