Form 4: Blackstone Mortgage Trust Director Acquires Additional Shares Through Dividend Reinvestment

Director Leonard W. Cotton acquired 1,786 shares of Blackstone Mortgage Trust (BXMT) Class A Common Stock through a dividend reinvestment on April 15, 2024, increasing his total holdings to 65,068 shares.

Summary

• On April 15, 2024, Leonard W. Cotton, a director of Blackstone Mortgage Trust (BXMT), acquired 1,786 shares of Class A Common Stock.
• The acquisition was made through a dividend reinvestment at a price of $18.27 per share.
• These shares were received in lieu of dividends payable on Class A Common Stock Units owned by Mr. Cotton.
• The number of shares was calculated based on the dividend amount of $0.62 per share and the closing price of BXMT's Class A Common Stock on April 15, 2024.
• Following the transaction, Mr. Cotton's total holdings in BXMT Class A Common Stock increased to 65,068 shares, which includes 638 shares previously acquired through a dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction (dividend reinvestment) by a company director, suggesting a neutral to slightly positive sentiment as it indicates confidence in the company's performance.

Positives

• The director's participation in the dividend reinvestment plan demonstrates confidence in the company's future.

Industry Context

Directors commonly participate in dividend reinvestment plans as a way to increase their stake in the company without additional cash outlay, aligning their interests with those of other shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it signals confidence from a company director.

Key Dates