J. Richard Kushel - Jan 31, 2024 Form 4 Insider Report for BlackRock Inc. (BLK)

Signature
/s/ R. Andrew Dickson III as Attorney-in-Fact for J. Richard Kushel
Stock symbol
BLK
Transactions as of
Jan 31, 2024
Transactions value $
-$6,587,577
Form type
4
Date filed
2/2/2024, 07:41 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 Shares Of Common Stock (par Value $0.01 Per Share) Award $0 +3.62K +5.03% $0.00 75.5K Jan 31, 2024 Direct F1, F2
transaction BLK Shares Of Common Stock (par Value $0.01 Per Share) Tax liability -$1.33M -1.7K -2.25% $781.73 73.8K Jan 31, 2024 Direct F2, F3
transaction BLK Shares Of Common Stock (par Value $0.01 Per Share) Sale -$2.67M -3.42K -4.63% $781.11 70.4K Feb 1, 2024 Direct F2, F4
transaction BLK Shares Of Common Stock (par Value $0.01 Per Share) Sale -$2.59M -3.27K -4.65% $791.92 67.1K Feb 2, 2024 Direct F2, F5
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 26.2K Jan 31, 2024 By Family Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 1K Jan 31, 2024 By Family Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 1K Jan 31, 2024 By Family Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 45K Jan 31, 2024 By The Kushel Family 2011 Dynasty Trust
holding BLK Shares Of Common Stock (par Value $0.01 Per Share) 4.67K Jan 31, 2024 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 2020 BlackRock Performance Incentive Plan award value of $3,650,268 converted to 4,938 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 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.
F4 This transaction was executed in multiple trades at prices ranging from $780.85 to $781.25. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F5 This transaction was executed in multiple trades at prices ranging from $791.81 to $792.20. The price reported represents the weighted average sale price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.