J. Richard Kushel - 31 Jan 2022 Form 4 Insider Report for BlackRock Inc.

Role
Senior Managing Director
Signature
/s/ R. Andrew Dickson III as Attorney-in-Fact for J. Richard Kushel
Issuer symbol
N/A
Transactions as of
31 Jan 2022
Net transactions value
-$3,903,316
Form type
4
Filing time
02 Feb 2022, 17:09:59 UTC
Previous filing
20 Jan 2022
Next filing
19 Jan 2023
SEC
View on sec.gov

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 +5,842 +7.6% $0.000000 82,276 31 Jan 2022 Direct F1, F2
transaction BLK Shares Of Common Stock (par Value $0.01 Per Share) Tax liability $3,903,316 -4,830 -5.9% $808.14 77,446 31 Jan 2022 Direct F2, F3
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 26,153 31 Jan 2022 By Family Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 1,000 31 Jan 2022 By Family Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 1,000 31 Jan 2022 By Family Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 45,000 31 Jan 2022 By The Kushel Family 2011 Dynasty Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 5,245 31 Jan 2022 By The Kushel Family 2018 Trust
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a 2018 BlackRock Performance Incentive Plan award value of $1,699,935 converted to 4,143 Restricted Stock Units by dividing the award value by $410.315, which was the average of the high and low price per share of Common Stock on January 17, 2019. The award was disclosed in the table on page 57 of BlackRock's 2019 Proxy Statement in the column headed "Long-Term Incentive Award (BPIP)." As outlined in BlackRock's 2019 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 141% 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 Second Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.