Blackstone (NYSE: BX) director receives 51,216 deferred restricted shares

Rhea-AI Filing Summary

Blackstone Inc. director Joseph Baratta reported receiving an award of 51,216 shares of common stock on January 12, 2026. These are deferred restricted shares granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan at a price of $0 per share, reflecting an equity compensation grant rather than an open-market purchase.

The shares vest in three equal installments of 17,072 shares on January 1, 2027, January 1, 2028, and January 1, 2029, as long as Baratta remains employed by Blackstone. As each portion vests, the underlying shares will be delivered to him, with the possibility of earlier delivery if there is a change in control of Blackstone. Following this grant, Baratta beneficially owns 746,973 common shares directly.

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

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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^*

Baratta Joseph

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVE

(Street)

NEW YORK NY 10154

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/12/2026

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

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

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

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	01/12/2026		A(1)		51,216	A	$0	746,973	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 ratably over a three-year period, with 17,072 shares vesting on January 1, 2027, 17,072 shares vesting on January 1, 2028, and 17,072 shares vesting on January 1, 2029, subject to the Reporting Person's continued employment with Blackstone. As these deferred restricted shares vest, the underlying shares will be delivered to the Reporting Person. Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control of Blackstone.

	Victoria Portnoy as Attorney-In-Fact	01/14/2026
	** 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.

FAQ

What insider transaction did Blackstone (BX) report for Joseph Baratta?

Blackstone reported that director Joseph Baratta received an equity compensation grant of 51,216 shares of common stock on January 12, 2026. The award was made at $0 per share as deferred restricted shares under the company’s Amended and Restated 2007 Equity Incentive Plan.

How do the 51,216 deferred restricted shares for Blackstone (BX) vest?

The 51,216 deferred restricted shares vest ratably over three years: 17,072 shares on January 1, 2027, 17,072 shares on January 1, 2028, and 17,072 shares on January 1, 2029. Vesting is subject to Joseph Baratta’s continued employment with Blackstone.

When will Joseph Baratta receive the underlying Blackstone (BX) shares from this grant?

As the deferred restricted shares vest in each annual installment, the underlying common shares will be delivered to Joseph Baratta. The filing also states that the shares may be delivered earlier if there is a change in control of Blackstone.

How many Blackstone (BX) shares does Joseph Baratta own after this Form 4 transaction?

After the reported grant, Joseph Baratta beneficially owns 746,973 shares of Blackstone common stock directly, according to the Form 4.

Is the Blackstone (BX) Form 4 transaction a purchase or an equity award?

The Form 4 describes the transaction as an award of deferred restricted shares granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan, with a reported price of $0 per share, indicating an equity compensation grant rather than a market purchase.

What conditions could accelerate delivery of Joseph Baratta’s Blackstone (BX) restricted shares?

The filing notes that, while the deferred restricted shares normally vest over three years, the underlying shares may be delivered earlier upon a change in control of Blackstone, as provided in the grant terms.