Director at Blackstone Mortgage Trust (BXMT) granted $115K in stock
Rhea-AI Filing Summary
Nash Michael B. reported acquisition or exercise transactions in this Form 4 filing.
BLACKSTONE MORTGAGE TRUST, INC. director Michael B. Nash received an award of 6,597 shares of Class A Common Stock as compensation. The restricted shares were granted in lieu of $115,000 in retainer and meeting fees, using a price of $17.43, the closing price on June 26, 2026.
The restricted stock award vests in full on the date of the company’s 2027 annual meeting, contingent on his continued board service through that meeting. Following this award, Nash directly holds 558,272 shares of Class A Common Stock.
Positive
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Insider Trade Summary
Net Buyer: 6,597 shares
Net Buy
1 txn
Insider
Nash Michael B.
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 — 558,272 shares (Direct)
Footnotes (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 award value: $115,000
Reference share price: $17.43 per share
+2 more
5 metrics
Restricted shares granted
6,597 shares
Award of Restricted Class A Common Stock as director fees
Implied award value
$115,000
Retainer and meeting fees converted into restricted stock
Reference share price
$17.43 per share
Closing price on June 26, 2026 used to calculate shares
Shares held after grant
558,272 shares
Total Class A Common Stock directly owned post-transaction
Vesting event
2027 annual meeting
Restricted shares vest in full on this meeting date
Key Terms
Restricted Class A Common Stock, retainer and meeting fees, vests in full, annual meeting
4 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 of Restricted Class A Common Stock subject"
vests in full financial
"The award vests in full on the date of the Company's 2027 annual meeting"
annual meeting financial
"on the date of the Company's 2027 annual meeting, subject to the director's continued services"
A company's annual meeting is a yearly gathering where owners (shareholders) and the board review performance, ask questions, and vote on key matters like electing directors, approving auditor choices, and sometimes setting pay or dividend policies. For investors it matters because decisions made and votes cast can change who runs the company, influence strategy and payouts, and affect the value or direction of their investment—similar to a homeowners’ meeting where rules and leaders that shape your property’s value are decided.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BXMT director Michael B. Nash report in this Form 4 filing?
Michael B. Nash reported receiving an equity award of Class A Common Stock. The grant consists of 6,597 restricted shares issued as director compensation, rather than an open-market stock purchase, and increases his directly held share position in Blackstone Mortgage Trust.
Is Nash’s BXMT stock award an open-market purchase?
No, the award is not an open-market purchase. It represents restricted Class A Common Stock granted in lieu of $115,000 of director retainer and meeting fees, making it a compensation-related acquisition rather than a discretionary buy on the stock market.
How was the size of Michael B. Nash’s BXMT stock award determined?
The company divided $115,000 of retainer and meeting fees by the June 26, 2026 closing price of $17.43 per share. This calculation produced 6,597 shares of Restricted Class A Common Stock granted as the director’s equity compensation.