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

Anthony F. Marone, Jr., CFO of Blackstone Mortgage Trust, sold 503 shares of Class A Common Stock on May 30, 2024, at a price of $17.025 per share to satisfy tax withholding obligations related to vesting restricted stock awards.

Summary

• Anthony F. Marone, Jr., the Chief Financial Officer of Blackstone Mortgage Trust, Inc. (BXMT), reported a transaction involving the sale of company stock.
• On May 30, 2024, Marone sold 503 shares of Class A Common Stock at a price of $17.025 per share.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 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, Marone directly owns 59,609 shares of Blackstone Mortgage Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The transaction is a routine sale to cover tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.

Industry Context

Sales by executives to cover tax obligations are common and generally don't indicate a negative outlook for the company.

Key Dates