Rachel Lord - Jan 31, 2023 Form 4 Insider Report for BlackRock Inc. (BLK)

Role
Senior Managing Director
Signature
/s/ R. Andrew Dickson III as Attorney-in-Fact for Rachel Lord
Stock symbol
BLK
Transactions as of
Jan 31, 2023
Transactions value $
-$907,154
Form type
4
Date filed
2/2/2023, 06:20 PM
Previous filing
Jan 19, 2023
Next filing
Jan 18, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLK Common Stock Award $0 +5.38K +59.85% $0.00 14.4K Jan 31, 2023 Direct F1, F2
transaction BLK Common Stock Tax liability -$907K -1.21K -8.44% $747.86 13.2K Jan 31, 2023 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 2019 BlackRock Performance Incentive Plan award value of $2,549,979 converted to 4,779 Restricted Stock Units by dividing the award value by $533.58, which was the average of the high and low price per share of Common Stock on January 16, 2020. As outlined in BlackRock's 2020 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 112.6% 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.