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

Katharine Keenan, CEO and President of Blackstone Mortgage Trust, sold 2,315 shares of Class A Common Stock at an average price of $20.6967 to satisfy tax withholding obligations related to vesting restricted stock awards.

Summary

• Katharine Keenan, CEO and President of Blackstone Mortgage Trust, sold 2,315 shares of Class A Common Stock on March 17, 2025.
• The sales were executed at a weighted average price of $20.6967 per share.
• The transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on August 8, 2024.
• The purpose of the sale was to cover tax withholding obligations associated with the vesting of previously granted restricted stock awards.
• Following the transaction, Keenan directly owns 246,172 shares of Blackstone Mortgage Trust.
• The reporting person undertakes to provide full information regarding the number of shares purchased at each separate price for all transactions reported on this Form 4, upon request.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Sales by insiders are a normal part of corporate governance. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on current market information.

Stakeholder Impact

• The sale of shares by a company executive could have a minor impact on shareholder sentiment, but the use of a 10b5-1 plan mitigates concerns about insider trading.

Key Dates