Stock grant boosts Blackstone (NYSE: BX) director Rochelle Lazarus’s holdings

Rhea-AI Filing Summary

LAZARUS ROCHELLE B reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. director Rochelle B. Lazarus received a grant of 1,961 shares of Common Stock as a compensation award. The shares are deferred restricted stock granted under the Amended and Restated 2007 Equity Incentive Plan at a price of $0.00 per share.

These deferred restricted shares will vest, and the underlying shares will be delivered, on April 1, 2027, if she continues serving on Blackstone’s board through that date. Following the award, she holds 59,707 shares directly and 2,950 shares indirectly in trusts for her children, over which she shares investment control.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider LAZARUS ROCHELLE B

Role Director

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

Holdings After Transaction: Common Stock — 59,707 shares (Direct); Common Stock — 2,950 shares (Indirect, See footnote)

Footnotes (1)

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. These shares are held in trusts for the benefit of the Reporting Person's children, over which the Reporting Person shares investment control.

Key Figures

Stock grant size: 1,961 shares Grant price per share: $0.00 per share Direct holdings after grant: 59,707 shares +2 more

5 metrics

Stock grant size 1,961 shares Deferred restricted Common Stock granted April 1, 2026

Grant price per share $0.00 per share Compensation award under equity incentive plan

Direct holdings after grant 59,707 shares Common Stock held directly following reported transaction

Indirect holdings 2,950 shares Shares held in trusts for children with shared investment control

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

Key Terms

deferred restricted shares, Amended and Restated 2007 Equity Incentive Plan, indirect ownership, investment control

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"

indirect ownership financial

"These shares are held in trusts for the benefit of the Reporting Person's children"

investment control financial

"over which the Reporting Person shares investment control"

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^*

LAZARUS ROCHELLE B

(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)

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	$0.0	59,707	D
Common Stock								2,950	I	See footnote(2)

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.

2. These shares are held in trusts for the benefit of the Reporting Person's children, over which the Reporting Person shares investment control.

Remarks:

The Reporting Person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest..

	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) director Rochelle B. Lazarus report?

Rochelle B. Lazarus reported receiving 1,961 shares of Blackstone Common Stock as a compensation grant. The award was made at $0.00 per share and consists of deferred restricted shares granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan.

When do Rochelle B. Lazarus’s new Blackstone (BX) deferred restricted shares vest?

The 1,961 deferred restricted shares granted to Rochelle B. Lazarus will vest, and the underlying shares will be delivered, on April 1, 2027. Vesting is conditioned on her continued service on Blackstone Inc.’s board of directors through that date.

How many Blackstone (BX) shares does Rochelle B. Lazarus hold after this grant?

After the grant, Rochelle B. Lazarus holds 59,707 Blackstone Common Stock shares directly. She also has indirect ownership of 2,950 shares held in trusts for her children, where she shares investment control, according to the Form 4 disclosure.

Is Rochelle B. Lazarus’s Blackstone (BX) stock grant an open-market purchase?

No, the 1,961-share transaction is a compensation-related stock award, not an open-market purchase. It is reported with transaction code A, described as a grant, award, or other acquisition, and was issued at $0.00 per share under Blackstone’s equity incentive plan.

What does the Form 4 say about Rochelle B. Lazarus’s indirect Blackstone (BX) holdings?

The Form 4 shows 2,950 Blackstone shares held indirectly in trusts for the benefit of Rochelle B. Lazarus’s children. The filing notes that she shares investment control over these trust-held shares, reflecting indirect ownership rather than a new transaction.