Blackstone Inc. (BX) CAO receives 29,458-share deferred equity grant

Rhea-AI Filing Summary

Blackstone Inc.'s Chief Administrative Officer, Vikrant Sawhney, reported an equity compensation grant. On January 12, 2026, he received 29,458 shares of common stock at a price of $0, granted under the Amended and Restated 2007 Equity Incentive Plan as deferred restricted shares. These shares will vest over three years, with 9,820 shares vesting on January 1, 2027, 9,819 shares on January 1, 2028, and 9,819 shares on January 1, 2029, subject to his continued employment, and may be delivered earlier upon a change in control of Blackstone. Following this grant, he beneficially owned 766,706 shares directly, and an additional 51,500 shares are held indirectly in a grantor retained annuity trust for which he serves as investment trustee.

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^*

Sawhney Vikrant

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Administrative 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)		29,458	A	$0	766,706	D
Common Stock								51,500	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 ratably over a three-year period, with 9,820 shares vesting on January 1, 2027, 9,819 shares vesting on January 1, 2028, and 9,819 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.

2. Reflects shares held in a grantor retained annuity trust, for which the Reporting Person serves as an investment trustee.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his pecuniary interest therein.

	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 Inc. (BX) report for Vikrant Sawhney?

Blackstone Inc. reported that Chief Administrative Officer Vikrant Sawhney received a grant of 29,458 shares of common stock on January 12, 2026 as part of his equity compensation.

What is the vesting schedule for Vikrant Sawhney’s 29,458-share grant at Blackstone Inc. (BX)?

The 29,458 deferred restricted shares vest ratably over three years: 9,820 shares on January 1, 2027, 9,819 shares on January 1, 2028, and 9,819 shares on January 1, 2029, subject to his continued employment.

At what price were the new Blackstone Inc. (BX) shares granted to the CAO?

The 29,458 common shares granted to the Chief Administrative Officer were reported at a price of $0 per share, consistent with a stock-based compensation award rather than an open-market purchase.

How many Blackstone Inc. (BX) shares does Vikrant Sawhney beneficially own after this transaction?

After the reported grant, Vikrant Sawhney beneficially owned 766,706 Blackstone common shares directly. An additional 51,500 shares are held indirectly in a grantor retained annuity trust for which he serves as investment trustee.

What plan governs the new equity grant reported by Blackstone Inc. (BX)?

The 29,458 deferred restricted shares were granted under Blackstone’s Amended and Restated 2007 Equity Incentive Plan, which provides for equity-based awards to eligible participants.

Can the deferred restricted shares granted to the Blackstone Inc. (BX) CAO be delivered earlier than scheduled?

Yes. While vesting is scheduled over three years, the filing states the underlying shares may be delivered earlier upon a change in control of Blackstone.

How are the indirectly held Blackstone Inc. (BX) shares owned in relation to Vikrant Sawhney?

The filing explains that 51,500 shares are held in a grantor retained annuity trust, for which Vikrant Sawhney serves as an investment trustee, and he disclaims beneficial ownership except to the extent of his pecuniary interest.