J. Richard Kushel - Jan 12, 2022 Form 4 Insider Report for BlackRock Inc. (BLK)

Role
Senior Managing Director
Signature
/s/ R. Andrew Dickson III as Attorney-in-Fact for J. Richard Kushel
Stock symbol
BLK
Transactions as of
Jan 12, 2022
Transactions value $
$0
Form type
4
Date filed
1/14/2022, 05:21 PM
Previous filing
Nov 10, 2021
Next filing
Jan 20, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BLK Employee Stock Option (Right to Buy) Award $0 +81.1K $0.00 81.1K Jan 12, 2022 Common Stock 81.1K $513.50 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects stock options granted to the reporting person on December 4, 2017. As disclosed in BlackRock's 2018 Proxy Statement, these options are subject to both performance and time vesting requirements. At a meeting held on January 12, 2022, the Management Development & Compensation Committee certified that certain performance criteria, which are conditions for the vesting of the number of options granted (81,142), were satisfied. However, these options are not currently exercisable and remain subject to the time- based vesting requirements described below.
F2 These options shall vest in equal installments on December 4, 2022, December 4, 2023 and December 4, 2024.