Blackstone (NYSE: BX) grants 17,804 deferred shares to accounting chief

Rhea-AI Filing Summary

Payne David reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. reported that Chief Accounting Officer David Payne received a grant of 17,804 shares of Common Stock as deferred restricted shares at no cost. Following this award, he directly holds 73,948 shares.

The grant was made under the Amended and Restated 2007 Equity Incentive Plan. Vesting is staggered: 10% (1,780 shares) on July 1, 2027, another 10% on July 1, 2028, 20% on July 1, 2029, 30% on July 1, 2030, and the final 30% on July 1, 2031. As the deferred restricted shares vest, shares are delivered to Payne, though one-quarter of each vested portion is held back for delivery on a future date under his award agreement. The shares may be delivered earlier upon a change in control of Blackstone.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Payne David

Role Chief Accounting Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	17,804	$0.00	--

Holdings After Transaction: Common Stock — 73,948 shares (Direct)

Footnotes (1)

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Key Figures

Deferred restricted share grant: 17,804 shares Shares held after grant: 73,948 shares Initial vesting tranches: 1,780 shares each +2 more

5 metrics

Deferred restricted share grant 17,804 shares Common Stock grant to Chief Accounting Officer David Payne

Shares held after grant 73,948 shares Total direct holdings following the Form 4 transaction

Initial vesting tranches 1,780 shares each Vesting on July 1, 2027 and July 1, 2028

Later vesting tranches 3,561; 5,341; 5,342 shares Vesting on July 1, 2029, 2030, and 2031 respectively

Grant price per share $0.0000 per share Equity award granted at no cash cost to Payne

Key Terms

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

4 terms

deferred restricted shares financial

"10% of these deferred restricted shares, or 1,780 shares, will vest on July 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, 10% of these deferred restricted shares"

vest financial

"will vest on July 1, 2027; an additional 10%, or 1,780 shares, will vest on July 1, 2028"

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.

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^*

Payne David

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVE

(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)

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

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)		17,804	A	$0	73,948	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, 10% of these deferred restricted shares, or 1,780 shares, will vest on July 1, 2027; an additional 10%, or 1,780 shares, will vest on July 1, 2028; an additional 20%, or 3,561 shares, will vest on July 1, 2029; an additional 30%, or 5,341 shares, will vest on July 1, 2030; and the remaining 30%, or 5,342 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)

FAQ

What does the latest Form 4 for Blackstone (BX) show for David Payne?

The Form 4 shows Blackstone Chief Accounting Officer David Payne received a grant of 17,804 deferred restricted shares of Common Stock. The award was granted at no cost under the Amended and Restated 2007 Equity Incentive Plan and increases his direct holdings to 73,948 shares.

How many Blackstone (BX) shares did David Payne receive in this grant?

David Payne received 17,804 deferred restricted shares of Blackstone Common Stock. These shares were granted at a price of $0.0000 per share as equity compensation, with a multi-year vesting schedule running from July 1, 2027 through July 1, 2031, subject to stated terms.

What is the vesting schedule for David Payne’s 17,804 deferred restricted Blackstone shares?

The 17,804 deferred restricted shares vest in stages: 1,780 shares on July 1, 2027; 1,780 on July 1, 2028; 3,561 on July 1, 2029; 5,341 on July 1, 2030; and 5,342 on July 1, 2031, under the equity incentive plan.

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

After the grant, David Payne directly holds 73,948 shares of Blackstone Common Stock. This total reflects the newly awarded 17,804 deferred restricted shares, which will be delivered over time as they vest according to the specified schedule and award agreement terms.

What happens to David Payne’s deferred restricted Blackstone shares as they vest?

As the deferred restricted shares vest, Blackstone will deliver shares to David Payne, but one-quarter of each vested portion will be held back for delivery on a future date. The shares may be delivered earlier if there is a change in control of Blackstone, per his award agreement.

Under which plan was David Payne’s Blackstone share grant made?

The share grant to David Payne was made under Blackstone’s Amended and Restated 2007 Equity Incentive Plan. This plan provides for equity-based awards, including deferred restricted shares with specified vesting schedules and delivery terms, as described in the Form 4 footnote for this transaction.