Ruth Porat (NYSE: BX) awarded 1,961 Blackstone deferred shares

Rhea-AI Filing Summary

Porat Ruth reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. director Ruth Porat received a grant of 1,961 shares of common stock as deferred restricted shares on April 1, 2026. The grant was made at no cash cost to her 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, provided she continues to serve on Blackstone’s board of directors. After this award, she holds 41,462.7645 shares directly and 8,862.783 shares indirectly through a family limited partnership where she is a general partner.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Porat Ruth

Role Director

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

Holdings After Transaction: Common Stock — 41,462.765 shares (Direct); Common Stock — 8,862.783 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 securities are held by a family limited partnership, of which the Reporting Person is a general partner.

Key Figures

Deferred restricted share grant: 1,961 shares Grant price per share: $0.0000 per share Direct holdings after grant: 41,462.7645 shares +2 more

5 metrics

Deferred restricted share grant 1,961 shares Common stock award on April 1, 2026

Grant price per share $0.0000 per share Award under 2007 Equity Incentive Plan

Direct holdings after grant 41,462.7645 shares Blackstone common stock, direct ownership

Indirect holdings 8,862.783 shares Held via family limited partnership

Vesting date April 1, 2027 Deferred restricted shares vest and deliver

Key Terms

deferred restricted shares, Amended and Restated 2007 Equity Incentive Plan, family limited partnership

3 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"

family limited partnership financial

"These securities are held by a family limited partnership, of which the Reporting Person is a general partner"

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^*

Porat Ruth

(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	41,462.7645	D
Common Stock								8,862.783	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 securities are held by a family limited partnership, of which the Reporting Person is a general partner.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form as indirectly beneficially owned 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 did Ruth Porat report in this Blackstone (BX) Form 4 filing?

Ruth Porat reported receiving a grant of 1,961 deferred restricted shares of Blackstone common stock. The award was made at no cash cost under Blackstone’s Amended and Restated 2007 Equity Incentive Plan as part of her compensation as a director.

When do Ruth Porat’s newly granted Blackstone (BX) deferred restricted shares vest?

The 1,961 deferred restricted shares granted to Ruth Porat vest on April 1, 2027. On that date, the underlying Blackstone common shares will be delivered, provided she continues serving on Blackstone Inc.’s board of directors through the vesting date.

How many Blackstone (BX) shares does Ruth Porat hold after this Form 4 transaction?

After the grant, Ruth Porat directly holds 41,462.7645 Blackstone common shares. She also has indirect ownership of 8,862.783 shares through a family limited partnership, where she is a general partner, according to the filing’s ownership table and footnotes.

What is the nature of the indirect Blackstone (BX) holdings reported by Ruth Porat?

The indirect Blackstone holdings are owned by a family limited partnership. The filing notes that these securities are held by this partnership, and Ruth Porat is a general partner, which gives her an indirect interest in 8,862.783 Blackstone common shares.

Was cash paid for the Blackstone (BX) shares granted to Ruth Porat?

No cash was paid for the newly granted shares, as indicated by the reported price of 0.0000 per share. The 1,961 deferred restricted shares were awarded under Blackstone’s equity incentive plan as part of her board-related compensation, not as an open-market purchase.