Board member at Blackstone (NYSE: BX) granted 1,961 deferred shares

Rhea-AI Filing Summary

Brown Reginald J reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. director Reginald J. Brown received a grant of 1,961 shares of common stock in the form of deferred restricted shares. These were granted at no cash cost under the Amended and Restated 2007 Equity Incentive Plan.

According to the terms, the deferred restricted shares will vest and the underlying shares will be delivered on April 1, 2027, if he continues serving on Blackstone’s board of directors through that date. After this award, Brown directly holds a total of 21,462 shares of Blackstone common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Brown Reginald J

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	1,961	$0.00	--

Holdings After Transaction: Common Stock — 21,462 shares (Direct)

Footnotes (1)

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Key Figures

Deferred restricted shares granted: 1,961 shares Shares owned after transaction: 21,462 shares Grant price per share: $0.00 per share +1 more

4 metrics

Deferred restricted shares granted 1,961 shares Grant of common stock to director Reginald J. Brown

Shares owned after transaction 21,462 shares Total direct Blackstone common stock holdings after award

Grant price per share $0.00 per share Equity award granted with no cash purchase price

Vesting date April 1, 2027 Deferred restricted shares vest and settle on this date

Key Terms

deferred restricted shares, Amended and Restated 2007 Equity Incentive Plan, vest, board of directors

4 terms

deferred restricted shares financial

"these deferred restricted shares will vest, and the underlying shares will be delivered, on April 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, these deferred restricted shares will vest"

vest financial

"these deferred restricted shares will vest, and the underlying shares will be delivered, on April 1 2027"

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.

board of directors financial

"subject to the Reporting Person's continued service on the board of directors of Blackstone Inc."

The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.

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^*

Brown Reginald J

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVE

(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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

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)		1,961	A	$0	21,462	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, these deferred restricted shares will vest, and the underlying shares will be delivered, on April 1 2027, subject to the Reporting Person's continued service on the board of directors of Blackstone Inc.

	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 did Blackstone (BX) director Reginald J. Brown receive in this Form 4 filing?

Reginald J. Brown received a grant of 1,961 deferred restricted shares of Blackstone common stock. The award was made under Blackstone’s Amended and Restated 2007 Equity Incentive Plan as part of his compensation for board service, with no cash purchase price disclosed.

When do Reginald J. Brown’s 1,961 deferred restricted Blackstone (BX) shares vest?

The 1,961 deferred restricted shares are scheduled to vest on April 1, 2027. On that date, the underlying Blackstone common shares will be delivered, provided Brown continues to serve on the company’s board of directors through the full vesting period under the plan’s terms.

How many Blackstone (BX) shares does Reginald J. Brown hold after this grant?

Following the grant, Reginald J. Brown directly holds 21,462 shares of Blackstone common stock. This total includes the newly awarded 1,961 deferred restricted shares, which will only vest and be delivered if he remains on the board until April 1, 2027.

What type of transaction is reported for Blackstone (BX) director Reginald J. Brown?

The filing reports an acquisition coded as “A,” representing a grant or award of common stock, not an open-market purchase. Brown received 1,961 deferred restricted shares as equity compensation, which vest in 2027, rather than buying or selling shares in the market.

Under what plan were the 1,961 Blackstone (BX) deferred restricted shares granted?

The 1,961 deferred restricted shares were granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan. This plan provides equity-based compensation to directors, with these specific shares vesting and settling in 2027, subject to continued board service by Reginald J. Brown.