Blackstone (BX) CFO Michael Chae receives 152,667-share deferred stock award

Rhea-AI Filing Summary

Chae Michael reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. executive Michael Chae, CFO & Vice Chairman, received a grant of 152,667 shares of common stock as a compensation award. These are deferred restricted shares that vest over several years and were granted at no cash cost per share.

According to the vesting schedule, 10%, or 15,267 shares, will vest on July 1, 2027, another 10%, or 15,267 shares, on July 1, 2028, 20%, or 30,533 shares, on July 1, 2029, 30%, or 45,800 shares, on July 1, 2030, and the remaining 30%, or 45,800 shares, on July 1, 2031. After this grant, Chae directly holds 1,168,335 shares of Blackstone common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chae Michael

Role CFO & Vice Chairman

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	152,667	$0.00	--

Holdings After Transaction: Common Stock — 1,168,335 shares (Direct)

Footnotes (1)

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Key Figures

Restricted share grant: 152,667 shares Shares held after transaction: 1,168,335 shares Vesting 2027: 15,267 shares +4 more

7 metrics

Restricted share grant 152,667 shares Deferred restricted common stock award to CFO & Vice Chairman

Shares held after transaction 1,168,335 shares Direct holdings after reported grant

Vesting 2027 15,267 shares 10% of award vests on July 1, 2027

Vesting 2028 15,267 shares Additional 10% vests on July 1, 2028

Vesting 2029 30,533 shares 20% of award vests on July 1, 2029

Vesting 2030 45,800 shares 30% of award vests on July 1, 2030

Vesting 2031 45,800 shares Final 30% vests on July 1, 2031

Key Terms

deferred restricted shares, Amended and Restated 2007 Equity Incentive Plan, vest, award agreement, +1 more

5 terms

deferred restricted shares financial

"10% of these deferred restricted shares, or 15,267 shares, will vest on July 1, 2027"

Deferred restricted shares are company shares granted to employees, executives, or service providers that cannot be sold or transferred immediately and only become owned outright after certain conditions are met, such as staying with the company for a set period or hitting performance targets. Think of them like a delayed paycheck in stock form: they align recipients’ interests with long-term company success but can dilute existing shareholders and affect future share supply and company valuation once they convert into freely tradable stock.

Amended and Restated 2007 Equity Incentive Plan financial

"Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares"

vest financial

"will vest on July 1, 2027; an additional 10%, or 15,267 shares, will vest on July 1, 2028"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

award agreement financial

"held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement"

An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.

change in control financial

"Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone."

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Chae Michael

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVENUE

(Street)

NEW YORK NEW YORK 10154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Blackstone Inc. [ BX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & Vice Chairman

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	04/01/2026		A(1)		152,667	A	$0	1,168,335	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 15,267 shares, will vest on July 1, 2027; an additional 10%, or 15,267 shares, will vest on July 1, 2028; an additional 20%, or 30,533 shares, will vest on July 1, 2029; an additional 30%, or 45,800 shares, will vest on July 1, 2030; and the remaining 30%, or 45,800 shares, will vest on July 1, 2031. As these deferred restricted shares vest, the shares will be delivered to the Reporting Person, except that 1/4 of the vested shares will be held back and delivered on a future date pursuant to the terms of the Reporting Person's award agreement. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.

	Victoria Portnoy as Attorney-In-Fact	04/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Blackstone (BX) CFO Michael Chae report?

Michael Chae reported receiving a grant of 152,667 shares of Blackstone common stock. This was a compensation-related award under the company’s equity incentive plan, not an open-market purchase, and was reported as a grant or other acquisition on a Form 4 filing.

How many Blackstone (BX) shares does Michael Chae hold after this grant?

After the award, Michael Chae holds 1,168,335 shares of Blackstone common stock directly. This figure reflects his position following the grant of 152,667 deferred restricted shares reported in the Form 4 and shows his ongoing equity stake in the company.

What is the vesting schedule for Michael Chae’s 152,667 Blackstone (BX) restricted shares?

The 152,667 deferred restricted shares vest in stages from 2027 to 2031. Tranches of 15,267 shares vest on July 1, 2027 and 2028, 30,533 on July 1, 2029, and 45,800 on July 1, 2030 and 2031, aligning vesting with long-term service.

Were cash payments involved in Michael Chae’s latest Blackstone (BX) share award?

No cash payment per share was involved in this award, as the transaction price per share is reported as 0.0000. The 152,667 shares were granted as a compensation award under Blackstone’s Amended and Restated 2007 Equity Incentive Plan.

What happens to Michael Chae’s Blackstone (BX) shares when the deferred restricted stock vests?

As the deferred restricted shares vest, shares are delivered to Michael Chae, but one quarter of each vested tranche is held back and delivered on a future date under his award agreement. The shares may be delivered earlier if there is a change in control of Blackstone.

Under which plan was Michael Chae’s Blackstone (BX) share grant made?

The 152,667-share grant was made under Blackstone’s Amended and Restated 2007 Equity Incentive Plan. This plan governs equity-based awards such as deferred restricted shares that vest over time to align executive compensation with long-term company performance.