Blackstone CLO granted 152,222 restricted shares

Finley John G reported acquisition or exercise transactions in this Form 4 filing.

Accepted by SEC EDGAR 04/03/2026 - 05:33 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Finley John G reported acquisition or exercise transactions in this Form 4 filing.

Blackstone Inc. Chief Legal Officer John G. Finley reported receiving a grant of 152,222 deferred restricted shares of Blackstone common stock under the Amended and Restated 2007 Equity Incentive Plan. The grant reflects equity-based compensation rather than an open-market purchase.

According to the award terms, 10% of these shares, or 15,222, will vest on July 1, 2027; another 10%, or 15,222, on July 1, 2028; 20%, or 30,444, on July 1, 2029; 30%, or 45,667, on July 1, 2030; and the final 30%, or 45,667, on July 1, 2031. As the restricted shares vest, they will be delivered to Finley, though one quarter of each vested tranche will be held back and delivered at a future date under his award agreement. The shares may also be delivered earlier if there is a change in control of Blackstone.

Following this grant, Finley directly holds 561,017 shares of Blackstone common stock, and he also has additional indirect holdings through several trusts and a limited liability company for the benefit of himself and family members.

Insider Trade Summary

Grant/Award: 152,222 shares

Grant/Award 1 txn

Insider Finley John G

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	152,222	$0.00	$0.00
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--
Holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 561,017 shares (Direct); Common Stock — 97,523 shares (Indirect, See footnote)

Holdings Before and After: Common Stock, 408,795 to 561,017 shares (Direct)

Footnotes (7)

1. F1. Granted under the Amended and Restated 2007 Equity Incentive Plan, 10% of these deferred restricted shares, or 15,222 shares, will vest on July 1, 2027; an additional 10%, or 15,222 shares, will vest on July 1, 2028; an additional 20%, or 30,444 shares, will vest on July 1, 2029; an additional 30%, or 45,667 shares, will vest on July 1, 2030; and the remaining 30%, or 45,667 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.
2. F2. These shares are held by a trust for the benefit of the Reporting Person's spouse and descendants, of which the Reporting Person is the investment trustee.
3. F3. These shares are held by a limited liability company, of which the Reporting Person is the manager.
4. F4. These shares are held by a trust for the benefit of the Reporting Person and his family, of which the Reporting Person is a trustee.
5. F5. These shares are held by a trust for the benefit of the Reporting Person's spouse and her family, of which the Reporting Person is a trustee.
6. F6. These shares are held by a trust for the benefit of the Reporting Person's spouse, of which the Reporting Person's spouse is the trustee.
7. F7. These shares are held by a grantor retained annuity trust, of which the Reporting Person is investment trustee.

Key Figures

Deferred restricted share grant: 152,222 shares Vesting on July 1, 2027: 15,222 shares Vesting on July 1, 2028: 15,222 shares +3 more

6 metrics

Deferred restricted share grant 152,222 shares Equity award to Chief Legal Officer on April 1, 2026

Vesting on July 1, 2027 15,222 shares 10% of deferred restricted share grant

Vesting on July 1, 2028 15,222 shares Additional 10% of deferred restricted share grant

Final vesting tranches 30,444; 45,667; 45,667 shares Scheduled for July 1, 2029, 2030, and 2031 respectively

Direct holdings after grant 561,017 shares Common stock directly owned by John G. Finley after award

Largest indirect trust holding 52,500 shares Common stock held indirectly through a trust associated with Finley

Key Terms

deferred restricted shares, Amended and Restated 2007 Equity Incentive Plan, limited liability company, grantor retained annuity trust, +1 more

5 terms

deferred restricted shares financial

"10% of these deferred restricted shares, or 15,222 shares, will vest"

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"

limited liability company financial

"These shares are held by a limited liability company, of which the Reporting Person"

A limited liability company (LLC) is a business structure that separates the owners’ personal assets from the company’s debts and legal obligations, like a protective shield that keeps personal savings and property distinct from business risk. For investors, that protection reduces personal financial exposure and often brings flexible rules for profit sharing and taxes, but it can also affect how easily interests are bought or sold and how decisions are made.

grantor retained annuity trust financial

"These shares are held by a grantor retained annuity trust, of which the Reporting"

A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.

change in control financial

"Notwithstanding the foregoing, the shares may be delivered earlier upon a change in control"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Blackstone (BX) disclose about John G. Finley’s new share grant?

Blackstone reported that Chief Legal Officer John G. Finley received a grant of 152,222 deferred restricted shares of common stock as equity compensation. These shares vest gradually from 2027 through 2031 under the company’s Amended and Restated 2007 Equity Incentive Plan.

How do John G. Finley’s 152,222 Blackstone deferred restricted shares vest?

The 152,222 deferred restricted shares vest in stages: 10% (15,222 shares) on July 1, 2027, another 10% on July 1, 2028, 20% on July 1, 2029, 30% on July 1, 2030, and the remaining 30% on July 1, 2031, subject to the award terms.

What happens to the Blackstone shares as they vest for John G. Finley?

As the deferred restricted shares vest, they are scheduled to be delivered to John G. Finley. However, one quarter of each vested tranche will be held back and delivered on a later date, following the specific provisions of his award agreement.

Can John G. Finley’s Blackstone deferred restricted shares be delivered earlier than scheduled?

Yes. While the shares are set to vest between 2027 and 2031, the award terms state they may be delivered earlier if there is a change in control of Blackstone. This condition can accelerate when the vested shares are actually delivered.

How many Blackstone shares does John G. Finley hold after this Form 4 grant?

After the reported grant, John G. Finley directly holds 561,017 shares of Blackstone common stock. In addition, separate indirect holdings are reported through multiple trusts and a limited liability company established for the benefit of him and his family members.

What indirect Blackstone (BX) holdings are associated with John G. Finley?

The filing notes several indirect positions: shares held by trusts for his spouse, descendants, and family, and by a limited liability company where he is manager or trustee. These structures include, for example, 52,500 shares in one trust and smaller positions in others.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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^*

Finley John G

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal 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)		152,222	A	$0	561,017	D
Common Stock								7,500	I	See footnote(2)
Common Stock								22,523	I	See footnote(3)
Common Stock								11,000	I	See footnote(4)
Common Stock								2,000	I	See footnote(5)
Common Stock								2,000	I	See footnote(6)
Common Stock								52,500	I	See footnote(7)

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 15,222 shares, will vest on July 1, 2027; an additional 10%, or 15,222 shares, will vest on July 1, 2028; an additional 20%, or 30,444 shares, will vest on July 1, 2029; an additional 30%, or 45,667 shares, will vest on July 1, 2030; and the remaining 30%, or 45,667 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.

2. These shares are held by a trust for the benefit of the Reporting Person's spouse and descendants, of which the Reporting Person is the investment trustee.

3. These shares are held by a limited liability company, of which the Reporting Person is the manager.

4. These shares are held by a trust for the benefit of the Reporting Person and his family, of which the Reporting Person is a trustee.

5. These shares are held by a trust for the benefit of the Reporting Person's spouse and her family, of which the Reporting Person is a trustee.

6. These shares are held by a trust for the benefit of the Reporting Person's spouse, of which the Reporting Person's spouse is the trustee.

7. These shares are held by a grantor retained annuity trust, of which the Reporting Person is investment trustee.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities reported on this form except to the extent of his 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)