Michael B. Nash - 21 Jun 2024 Form 4 Insider Report for BLACKSTONE MORTGAGE TRUST, INC. (BXMT)

Role: Director
Signature: /s/ Anthony F. Marone, Jr., Attorney-In-Fact
Issuer symbol: BXMT
Transactions as of: 21 Jun 2024
Net transactions value: +$169,338
Form type: 4
Filing time: 24 Jun 2024, 18:40:37 UTC
Previous filing: 17 May 2024
Next filing: 22 May 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	BXMT	Class A Common Stock	Award	$169,338	+9,392	+1.8%	$18.03	545,847	21 Jun 2024	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents two awards of Restricted Class A Common Stock in lieu of retainer and meeting fees. The 6,378 shares of Restricted Class A Common Stock subject to the first award was calculated by dividing $115,000 in annual retainer and meeting fees by the closing price for June 21, 2024. The award vests in full on the date of the Company's 2025 annual meeting, subject to the director's continued services as of the date of the 2025 annual meeting. The 3,014 shares of Restricted Class A Common Stock subject to the second award was calculated by dividing $54,358 in prorated retainer and meeting fees for the director's service in 2024 for the period from January 1, 2024 through the date of the Company's 2024 annual meeting, by the closing price for June 21, 2024. This award was fully vested upon issuance.

Content

Represents two awards of Restricted Class A Common Stock in lieu of retainer and meeting fees. The 6,378 shares of Restricted Class A Common Stock subject to the first award was calculated by dividing $115,000 in annual retainer and meeting fees by the closing price for June 21, 2024. The award vests in full on the date of the Company's 2025 annual meeting, subject to the director's continued services as of the date of the 2025 annual meeting. The 3,014 shares of Restricted Class A Common Stock subject to the second award was calculated by dividing $54,358 in prorated retainer and meeting fees for the director's service in 2024 for the period from January 1, 2024 through the date of the Company's 2024 annual meeting, by the closing price for June 21, 2024. This award was fully vested upon issuance.