Form 4: Blackstone Mortgage Trust CEO Katharine Keenan Sells Shares to Cover Tax Obligations

Katharine Keenan, CEO and President of Blackstone Mortgage Trust, sold 2,259 shares of Class A Common Stock on May 30, 2024, to satisfy tax withholding obligations related to vesting restricted stock awards.

Summary

• Katharine Keenan, the CEO and President of Blackstone Mortgage Trust, sold 2,259 shares of Class A Common Stock on May 30, 2024.
• The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 15, 2024.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of previously granted restricted stock awards.
• The shares were sold at a weighted average price of $17.0423, with individual transactions ranging from $17.0401 to $17.0450.
• Following the transaction, Keenan directly owns 189,764 shares of Blackstone Mortgage Trust.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to an insider stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Sales by insiders are a common occurrence and are often related to personal financial planning or diversification. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale is unlikely to have a significant impact on shareholders, as it is a relatively small transaction by the CEO and was pre-planned.

Key Dates