Martin Small - 31 Jan 2024 Form 4 Insider Report for BlackRock Inc.

Reporting relationship: CFO & Senior Managing Director
Issuer ticker: N/A
Reported as of: 31 Jan 2024
Net transaction value: -$6,868,782
SEC form: 4
Accepted by SEC: 02 Feb 2024, 18:58:14 UTC
Prior SEC filing: 18 Jan 2024
Next SEC filing: 17 Jan 2025
Source filing: View source filing
Reporting owner signature: /s/ R. Andrew Dickson III as Attorney-in-Fact for Martin Small

Key filing fact

Martin Small filed Form 4 for BlackRock Inc. on 02 Feb 2024.

Key facts

This page summarizes Martin Small's Form 4 filing for BlackRock Inc..
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 02 Feb 2024, 18:58.

Change

Previous filing in this sequence was filed on 18 Jan 2024.
Current net transaction value: -$6,868,782.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

BLK transaction

Common Stock

Award

Transaction value: $0
Shares: +1,569
Change %: +13%
Price: $0.000000
Shares after: 14,004
Date: 31 Jan 2024
Ownership: Direct
Footnotes: F1, F2

BLK transaction

Common Stock

Tax liability

Transaction value: $1,335,977
Shares: -1,709
Change %: -12%
Price: $781.73
Shares after: 12,295
Date: 31 Jan 2024
Ownership: Direct
Footnotes: F2, F3

BLK transaction

Common Stock

Sale

Transaction value: $3,978,633
Shares: -5,061
Change %: -41%
Price: $786.14
Shares after: 7,234
Date: 02 Feb 2024
Ownership: Direct
Footnotes: F2, F4

BLK transaction

Common Stock

Sale

Transaction value: $1,554,173
Shares: -1,975
Change %: -27%
Price: $786.92
Shares after: 5,259
Date: 02 Feb 2024
Ownership: Direct
Footnotes: F2, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

Reflects a 2020 BlackRock Performance Incentive Plan award value of $1,584,888 converted to 2,144 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.

Footnote 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.

Footnote 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.

Footnote F4

This transaction was executed in multiple trades at prices ranging from $785.67 to $786.56. 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.

Footnote F5

This transaction was executed in multiple trades at prices ranging from $786.75 to $787.04. 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.