Blackstone (NYSE: BX) COO awarded 51,216 deferred restricted shares

Rhea-AI Filing Summary

Blackstone Inc. reported that President & COO and director Jonathan Gray received 51,216 shares of common stock on January 12, 2026. These are deferred restricted shares granted at a price of $0 per share under the Amended and Restated 2007 Equity Incentive Plan, increasing his directly held beneficial ownership to 3,375,755 shares.

The award will vest in three equal installments of 17,072 shares on January 1, 2027, January 1, 2028, and January 1, 2029, as long as Gray remains employed by Blackstone. As each portion vests, the underlying shares will be delivered to him, with potential earlier delivery if there is a change in control of Blackstone.

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

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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^*

GRAY JONATHAN

(Last) (First) (Middle)

C/O BLACKSTONE INC.

345 PARK AVENUE

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & COO

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)		51,216	A	$0	3,375,755	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 17,072 shares vesting on January 1, 2027, 17,072 shares vesting on January 1, 2028, and 17,072 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.
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FAQ

What insider transaction did Blackstone (BX) report for Jonathan Gray?

Blackstone reported that President & COO and director Jonathan Gray acquired 51,216 shares of common stock on January 12, 2026. The shares were granted as deferred restricted stock at $0 per share under the company’s equity incentive plan.

How do the new restricted shares for Jonathan Gray at Blackstone (BX) vest?

The 51,216 deferred restricted shares vest ratably over three years: 17,072 shares on January 1, 2027, 17,072 on January 1, 2028, and 17,072 on January 1, 2029, subject to his continued employment with Blackstone.

What is Jonathan Gray’s total beneficial ownership after this Blackstone (BX) Form 4 transaction?

After the grant, Jonathan Gray beneficially owns 3,375,755 shares of Blackstone common stock, held directly, according to the filing.

Under which plan were Jonathan Gray’s new Blackstone (BX) shares granted?

The 51,216 deferred restricted shares were granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan, as disclosed in the filing.

Can Jonathan Gray’s deferred restricted Blackstone (BX) shares be delivered earlier than the scheduled vesting dates?

Yes. While the shares are scheduled to vest annually from 2027 through 2029, the filing states that the shares may be delivered earlier upon a change in control of Blackstone.

Is Jonathan Gray considered an officer or director of Blackstone (BX) in this Form 4?

Yes. The filing identifies Jonathan Gray as both a director and an officer, with the officer title of President & COO of Blackstone Inc.