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

Anthony F. Marone, Jr., CFO of Blackstone Mortgage Trust, sold 506 shares of Class A Common Stock on March 17, 2025, to cover tax obligations related to vesting restricted stock awards.

Summary

• On March 17, 2025, Anthony F. Marone, Jr., the Chief Financial Officer of Blackstone Mortgage Trust, sold 506 shares of Class A Common Stock.
• The sale was executed at a weighted average price of $20.6461 per share.
• The shares were sold to satisfy certain tax withholding obligations related to the vesting of previously granted restricted stock awards.
• Following the transaction, Marone directly owns 66,107 shares of Blackstone Mortgage Trust.
• The sale was conducted under a Rule 10b5-1 trading plan adopted on March 12, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale of shares to cover tax obligations and was executed under a pre-arranged trading plan.

Industry Context

Insider sales are a common occurrence, especially when related to tax obligations from vesting equity. 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 be perceived negatively by some shareholders, although the pre-planned nature of the sale mitigates this concern.

Key Dates