Blackstone (NYSE: BX) CLO awarded 152,222 deferred restricted shares
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Finley John G
Role
Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 152,222 | $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 — 7,500 shares (Indirect, See footnote)
Footnotes (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. 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. These shares are held by a limited liability company, of which the Reporting Person is the manager. 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. 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. 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. 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
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
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.