Blackstone (NYSE: BX) CAO granted 1,656 deferred restricted shares

Rhea-AI Filing Summary

Blackstone Inc. Chief Accounting Officer David Payne reported receiving a grant of 1,656 shares of common stock on January 12, 2026 at a price of $0 per share. These are deferred restricted shares granted under the Amended and Restated 2007 Equity Incentive Plan.

The award will vest in three equal installments of 552 shares on January 1, 2027, January 1, 2028, and January 1, 2029, subject to Payne’s continued employment with Blackstone. As the deferred restricted shares vest, 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, Payne beneficially owns 56,144 shares of Blackstone common stock 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

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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^*

Payne David

(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)

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

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)		1,656	A	$0	56,144	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 552 shares vesting on January 1, 2027, 552 shares vesting on January 1, 2028, and 552 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).
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FAQ

What insider transaction did Blackstone (BX) report for David Payne?

Blackstone reported that Chief Accounting Officer David Payne received a grant of 1,656 shares of Blackstone common stock on January 12, 2026 at a price of $0 per share as a deferred restricted share award.

How do the 1,656 deferred restricted shares for Blackstone (BX) vest?

The 1,656 deferred restricted shares vest ratably over three years: 552 shares on January 1, 2027, 552 shares on January 1, 2028, and 552 shares on January 1, 2029, subject to David Payne’s continued employment with Blackstone.

What happens when the Blackstone (BX) deferred restricted shares vest?

As the deferred restricted shares vest, the underlying Blackstone common shares will be delivered to David Payne, with the award also allowing for earlier delivery if there is a change in control of Blackstone.

How many Blackstone (BX) shares does David Payne own after this Form 4 transaction?

After the reported grant, Chief Accounting Officer David Payne beneficially owns 56,144 shares of Blackstone common stock, held in direct ownership.

Under what plan were the Blackstone (BX) shares granted to David Payne?

The 1,656 deferred restricted shares granted to David Payne were issued under Blackstone’s Amended and Restated 2007 Equity Incentive Plan as part of his equity compensation.

Does the Blackstone (BX) Form 4 indicate any sale of shares by David Payne?

No sale is reported; the Form 4 shows an acquisition (code A) of 1,656 deferred restricted shares of Blackstone common stock at $0 per share, with the shares subject to vesting conditions.