Form 4: BXMT President Sells Shares for Tax Obligations

Fernando Austin Pena, President of Blackstone Mortgage Trust, Inc., sold 3,131 shares of Class A Common Stock at a weighted average price of $19.2379 to cover tax withholding obligations.

Summary

• Fernando Austin Pena, who serves as President and Director of Blackstone Mortgage Trust, Inc. (BXMT), reported the sale of 3,131 shares of Class A Common Stock.
• The transaction took place on December 31, 2025, with shares sold at a weighted average price of $19.2379 each.
• These sales were conducted under Rule 10b5-1 trading plans, which were adopted on March 3, 2023, March 5, 2024, and February 28, 2025.
• The primary reason for the sales was to fulfill tax withholding obligations associated with the vesting of previously granted restricted stock awards.
• Following this transaction, Pena directly holds 78,633 shares of Class A Common Stock.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-planned insider sale to cover tax obligations related to vested stock awards, which is a neutral event from an investment perspective and does not indicate a change in management's outlook on the company.

Future Outlook

NA

Industry Context

This is a routine insider transaction for tax purposes and does not provide specific insights into broader industry trends or the competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, pre-planned sale for tax purposes, not a discretionary sale indicating a lack of confidence.

Key Dates

Keywords

Blackstone Mortgage Trust, BXMT, Fernando Austin Pena, Insider Sale, Form 4, Stock Transaction, Rule 10b5-1, Restricted Stock, Tax Withholding