Robert Kapito - Jan 31, 2025 Form 4 Insider Report for BlackRock, Inc. (BLK)

Signature
/s/ R. Andrew Dickson III as Attorney-in-Fact for Robert Kapito
Stock symbol
BLK
Transactions as of
Jan 31, 2025
Transactions value $
-$6,710,930
Form type
4
Date filed
2/4/2025, 06:22 PM
Previous filing
Jan 17, 2025
Next filing
Mar 4, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLK Shares Of Common Stock (par Value $0.01 Per Share) Award $0 +6.8K +3.09% $0.00 227K Jan 31, 2025 Direct F1, F2
transaction BLK Shares Of Common Stock (par Value $0.01 Per Share) Tax liability -$6.71M -6.26K -2.76% $1,071.52 220K Jan 31, 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a 2021 BlackRock Performance Incentive Plan award value of $13,150,034 converted to 15,804 Restricted Stock Units by dividing the award value by $832.07, which was the average of the high and low price per share of Common Stock on January 18, 2022. The award was disclosed in the table on page 60 of BlackRock's 2022 Proxy Statement in the column headed "Long-Term Incentive Award (BPIP)." As outlined in BlackRock's 2022 Proxy Statement, the award was subject to adjustment based on certain performance metrics approved by the Management Development and Compensation Committee at the time of the award. Based on the Company's performance, the Restricted Stock Units vesting represent 43% of the original award.
F2 Includes Common Stock as well as Restricted Stock Units that will vest over a period of 1 to 3 years. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
F3 Represents the withholding by BlackRock of common stock to satisfy tax obligations on the vesting of the reporting person's awards granted under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.