BXMT director gets $115K stock award

Perez-Alvarado Gilda reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Perez-Alvarado Gilda reported acquisition or exercise transactions in this Form 4 filing.

BLACKSTONE MORTGAGE TRUST, INC. director Gilda Perez-Alvarado received an award of 6,597 shares of Restricted Class A Common Stock in lieu of $115,000 in retainer and meeting fees, based on a closing price of $17.43 per share. After this grant, she directly holds 26,504 shares. The award vests in full at the Company’s 2027 annual meeting, subject to her continued board service.

Insider Trade Summary

Grant/Award: 6,597 shares

Grant/Award 1 txn

Insider Perez-Alvarado Gilda

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	6,597	$17.43	$115K

Holdings After Transaction: Class A Common Stock — 26,504 shares (Direct)

Footnotes (1)

1. F1. Represents an award of Restricted Class A Common Stock in lieu of retainer and meeting fees. The number of shares of Restricted Class A Common Stock subject to the award was calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026. The award vests in full on the date of the Company's 2027 annual meeting, subject to the director's continued services as of the date of the 2027 annual meeting.

Key Figures

Restricted shares granted: 6,597 shares Implied grant value: $115,000 Reference share price: $17.43 per share +1 more

4 metrics

Restricted shares granted 6,597 shares Restricted Class A Common Stock award on June 26, 2026

Implied grant value $115,000 Director retainer and meeting fees paid in stock

Reference share price $17.43 per share Closing price on June 26, 2026 used to size award

Shares held after grant 26,504 shares Total direct Class A Common Stock holdings post-transaction

Key Terms

Restricted Class A Common Stock, retainer and meeting fees, vests in full

3 terms

Restricted Class A Common Stock financial

"Represents an award of Restricted Class A Common Stock in lieu of retainer and meeting fees."

retainer and meeting fees financial

"in lieu of retainer and meeting fees. The number of shares ... was calculated by dividing $115,000 in retainer and meeting fees"

vests in full financial

"The award vests in full on the date of the Company's 2027 annual meeting"

FAQ

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

What insider transaction did BXMT director Gilda Perez-Alvarado report on this Form 4?

Gilda Perez-Alvarado reported receiving 6,597 shares of Restricted Class A Common Stock in BLACKSTONE MORTGAGE TRUST, INC. (BXMT). The shares represent a stock award in lieu of cash retainer and meeting fees, not an open-market stock purchase or sale.

How was the BXMT share award to Gilda Perez-Alvarado calculated?

The BXMT award was calculated by dividing $115,000 in director retainer and meeting fees by the company’s June 26, 2026 closing share price of $17.43. This produced 6,597 shares of Restricted Class A Common Stock granted as compensation rather than cash.

When do the newly awarded BXMT restricted shares vest for Gilda Perez-Alvarado?

The 6,597 Restricted Class A Common Stock shares vest in full on the date of BLACKSTONE MORTGAGE TRUST, INC.’s 2027 annual meeting. Vesting requires that Gilda Perez-Alvarado continue serving as a director through that annual meeting date.

How many BXMT shares does Gilda Perez-Alvarado hold after this Form 4 transaction?

Following the restricted stock award, Gilda Perez-Alvarado directly holds 26,504 shares of BLACKSTONE MORTGAGE TRUST, INC. Class A Common Stock. This total reflects the newly granted 6,597 restricted shares added to her existing directly held share position.

Was the BXMT Form 4 transaction an open-market buy or sell of shares?

The BXMT Form 4 does not report an open-market buy or sell. It shows a grant of 6,597 Restricted Class A Common Stock shares as director compensation, in lieu of $115,000 in retainer and meeting fees, rather than a discretionary market trade.

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

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Accepted by SEC EDGAR 06/29/2026 - 05:48 PM EDT Learn about SEC filing dates

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^*

Perez-Alvarado Gilda

(Last) (First) (Middle)

C/O BLACKSTONE MORTGAGE TRUST

345 PARK AVENUE

(Street)

NEW YORK NEW YORK 10154

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
BLACKSTONE MORTGAGE TRUST, INC. [ BXMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

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
Class A Common Stock	06/26/2026		A		6,597(1)	A	$17.43	26,504	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. Represents an award of Restricted Class A Common Stock in lieu of retainer and meeting fees. The number of shares of Restricted Class A Common Stock subject to the award was calculated by dividing $115,000 in retainer and meeting fees by the closing price for June 26, 2026. The award vests in full on the date of the Company's 2027 annual meeting, subject to the director's continued services as of the date of the 2027 annual meeting.

Remarks:

	/s/ Marcin Urbaszek, Attorney-In-Fact	06/29/2026
	** 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)