Marc Comerchero - Jan 31, 2024 Form 4 Insider Report for BlackRock Inc. (BLK)

Role
Principal Accounting Officer
Signature
/s/ R. Andrew Dickson as Attorney-in-Fact for Marc Comerchero
Stock symbol
BLK
Transactions as of
Jan 31, 2024
Transactions value $
-$314,255
Form type
4
Date filed
2/2/2024, 06:23 PM
Previous filing
Jan 18, 2024
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BLK Common Stock Award $0 +396 +6.16% $0.00 6.83K Jan 31, 2024 Direct F1, F2
transaction BLK Common Stock Tax liability -$314K -402 -5.89% $781.73 6.43K Jan 31, 2024 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 2020 BlackRock Performance Incentive Plan award value of $399,918 converted to 541 Restricted Stock Units by dividing the award value by $739.22, which was the average of the high and low price per share of Common Stock on January 15, 2021. As outlined in BlackRock's 2021 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 73.2% of the original award.
F2 Includes Common Stock as well as Restricted Stock Units that vest over a period of 1 to 4 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.