BXMT.NYSEBlackstone Mortgage Trust, INC

Form 4: Blackstone Mortgage Trust CFO Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4 Filing

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Anthony F. Marone, Jr., CFO of Blackstone Mortgage Trust, sold 508 shares of Class A Common Stock at $20.705 per share on March 3, 2025, to satisfy tax withholding obligations related to vesting restricted stock awards.

Summary

  • On March 3, 2025, Anthony F. Marone, Jr., the Chief Financial Officer of Blackstone Mortgage Trust, sold 508 shares of Class A Common Stock.
  • The sale was executed at a price of $20.705 per share.
  • The transaction was conducted to cover tax withholding obligations associated with the vesting of previously granted restricted stock awards.
  • Following the transaction, Marone directly owns 66,613 shares of Blackstone Mortgage Trust.
  • The sale was executed under a pre-arranged Rule 10b5-1 trading plan established before February 27, 2023.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale to cover tax obligations and was pre-planned under a 10b5-1 trading plan.

Industry Context

Sales by insiders are a common occurrence, especially to cover tax obligations related to stock awards. The use of a 10b5-1 plan indicates 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 small transaction by an insider to cover tax obligations.

Key Dates

DateDescription
February 27, 2023Date prior to which the Rule 10b5-1 trading plan was entered into.
March 3, 2025Date of the stock sale transaction.
March 4, 2025Date of signature on the Form 4 filing.

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