BlackRock (NYSE: BLK) executive Kushel gains 6,272 shares via incentive award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackRock Senior Managing Director J. Richard Kushel reported equity award activity and related tax withholding. On January 31, 2026, he acquired 6,272 shares of BlackRock common stock at $0 under a 2022 BlackRock Performance Incentive Plan award that paid out at 116.6% of its original target based on company performance.
On January 30, 2026, 4,186 shares were withheld by BlackRock at $1,118.94 per share to cover tax obligations on vesting awards. After these transactions, he directly beneficially owned 63,980.34 shares, which include restricted stock units that vest over one to three years, and also reported indirect holdings through several family trusts with separate share amounts.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Kushel J. Richard
Role
Senior Managing Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Shares Of Common Stock (par Value $0.01 Per Share) | 6,272 | $0.00 | -- |
| Tax Withholding | Shares Of Common Stock (par Value $0.01 Per Share) | 4,186 | $1,118.94 | $4.68M |
| holding | Shares Of Common Stock (par Value $0.01 Per Share) | -- | -- | -- |
| holding | Shares Of Common Stock (par Value $0.01 Per Share) | -- | -- | -- |
| holding | Shares Of Common Stock (par Value $0.01 Per Share) | -- | -- | -- |
| holding | Shares Of Common Stock (par Value $0.01 Per Share) | -- | -- | -- |
| holding | Shares Of Common Stock (par Value $0.01 Per Share) | -- | -- | -- |
Holdings After Transaction:
Shares Of Common Stock (par Value $0.01 Per Share) — 63,980.34 shares (Direct);
Shares Of Common Stock (par Value $0.01 Per Share) — 26,153 shares (Indirect, By Family Trust)
Footnotes (1)
- Represents the withholding by BlackRock of common stock to satisfy tax obligations on the vesting of the reporting person's awards granted under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan. Includes Common Stock as well as Restricted Stock Units that will vest over a period of 1 to 3 years. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock. Reflects a 2022 BlackRock Performance Incentive Plan award value of $3,999,878 converted to 5,379 Restricted Stock Units by dividing the award value by $743.61, which was the average of the high and low price per share of Common Stock on January 17, 2023. The award was disclosed in the table on page 59 of BlackRock's 2023 Proxy Statement in the column headed "Long-Term Incentive Award (BPIP)." As outlined in BlackRock's 2023 Proxy Statement, the award was subject to adjustment based on certain performance metrics approved by the Management Development and Compensation Committee at the time of the award. Based on the Company's performance, the Restricted Stock Units vesting represent 116.6% of the original award.
FAQ
What did BlackRock (BLK) executive J. Richard Kushel report on this Form 4?
J. Richard Kushel reported vesting of an incentive equity award and related tax withholding. He received 6,272 BlackRock common shares at $0 and had 4,186 shares withheld to satisfy tax obligations tied to previously granted stock awards.
What is the size and basis of Kushel’s performance-based BlackRock (BLK) award?
The performance award had an original value of $3,999,878, converted into 5,379 restricted stock units using a $743.61 reference price. Based on BlackRock’s performance, 116.6% of the original award vested, resulting in delivery of 6,272 common shares.
Does J. Richard Kushel report additional BlackRock (BLK) holdings through family trusts?
Yes. Kushel reports indirect beneficial ownership of BlackRock common stock through several family trusts, including 26,153 shares by a family trust, two additional 1,000-share family trust positions, 47,305 shares by the 2011 Dynasty Trust, and 3,720 shares by the 2018 Trust.