Under which plan was Joseph Baratta’s 124,626-share BX equity award granted?

The 124,626-share equity award was granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan. This plan governs the grant, vesting, and delivery rules for deferred restricted shares and other equity incentives provided to eligible participants.

Blackstone (BX) director Joseph Baratta awarded 124,626 deferred restricted shares

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Form Type

Rhea-AI Filing Summary

Baratta Joseph reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. director Joseph Baratta received an equity award of 124,626 shares of Common Stock as a grant under the Amended and Restated 2007 Equity Incentive Plan. The award consists of deferred restricted shares that vest over several years and are delivered as they vest.

According to the vesting schedule, 10% (12,463 shares) will vest on July 1, 2027, another 10% (12,463 shares) on July 1, 2028, 20% (24,925 shares) on July 1, 2029, 30% (37,387 shares) on July 1, 2030, and the remaining 30% (37,388 shares) on July 1, 2031. After this grant, Baratta directly holds 871,599 shares of Blackstone common stock. One quarter of each vested tranche will be held back for later delivery under his award agreement, and vesting shares may be delivered earlier if there is a change in control of Blackstone.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Baratta Joseph

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	124,626	$0.00	--

Holdings After Transaction: Common Stock — 871,599 shares (Direct)

Footnotes (1)

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Key Figures

Equity grant size: 124,626 shares Post-transaction holdings: 871,599 shares 2027 vesting tranche: 12,463 shares +5 more

8 metrics

Equity grant size 124,626 shares Deferred restricted share award to director Joseph Baratta

Post-transaction holdings 871,599 shares Total common stock directly held after grant

2027 vesting tranche 12,463 shares Vesting on July 1, 2027

2028 vesting tranche 12,463 shares Vesting on July 1, 2028

2029 vesting tranche 24,925 shares Vesting on July 1, 2029

2030 vesting tranche 37,387 shares Vesting on July 1, 2030

2031 vesting tranche 37,388 shares Vesting on July 1, 2031

Held-back portion 25% of vested shares Delivered on a future date under award agreement

Key Terms

deferred restricted shares, Amended and Restated 2007 Equity Incentive Plan, vest, change in control, +1 more

5 terms

deferred restricted shares financial

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

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

"10% of these deferred restricted shares, or 12,463 shares, will vest on July 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.

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.

award agreement financial

"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."

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.

Form 4 Insider Transactions: What Each Field Means →

04/03/2026 - 05:35 PM

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^*

Baratta Joseph

(Last)

(First)

(Middle)

C/O BLACKSTONE INC.

345 PARK AVE

(Street)

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/01/2026		A⁽¹⁾		124,626	A	$0	871,599	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 12,463 shares, will vest on July 1, 2027; an additional 10%, or 12,463 shares, will vest on July 1, 2028; an additional 20%, or 24,925 shares, will vest on July 1, 2029; an additional 30%, or 37,387 shares, will vest on July 1, 2030; and the remaining 30%, or 37,388 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)

Source: View Original Filing on SEC EDGAR

FAQ

What did Blackstone (BX) director Joseph Baratta report in this Form 4?

Joseph Baratta reported receiving a grant of 124,626 shares of Blackstone common stock as deferred restricted shares. The award was granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan and represents equity-based compensation that vests over several future years.

How do the 124,626 deferred restricted shares for BX vest over time?

The 124,626 deferred restricted shares vest in stages: 12,463 shares on July 1, 2027, 12,463 on July 1, 2028, 24,925 on July 1, 2029, 37,387 on July 1, 2030, and 37,388 on July 1, 2031. Each vesting date delivers additional shares to Baratta.

How many Blackstone (BX) shares does Joseph Baratta hold after this transaction?

After the grant, Joseph Baratta directly holds 871,599 shares of Blackstone common stock. This total includes the newly awarded deferred restricted shares, which will vest and be delivered to him over time, subject to the vesting schedule and award agreement terms.

Are all vested BX shares from this award delivered to Joseph Baratta immediately?

No. As each portion of the deferred restricted shares vests, shares are delivered to Baratta, but one quarter of each vested tranche is held back. Those held-back shares will be delivered on a future date under his award agreement’s terms.

What could accelerate delivery of Joseph Baratta’s Blackstone deferred restricted shares?

The award terms allow the shares to be delivered earlier if there is a change in control of Blackstone. In that circumstance, the delivery timing of some or all of the deferred restricted shares could be accelerated compared with the standard vesting schedule.