Perez-Alvarado Gilda 4

What Happened
Gilda Perez‑Alvarado, a director of Blackstone Mortgage Trust (BXMT), was granted 6,597 restricted Class A common shares on June 26, 2026. The shares were valued at $17.43 each for a total grant value of $114,986 (calculated from a $115,000 retainer/fees figure divided by the closing price). This was an award (grant) as director compensation, not an open‑market purchase.

Key Details

• Transaction date and type: 2026-06-26 — Award/Grant (code A) of restricted Class A common stock.
• Price and amount: 6,597 shares at $17.43 per share; aggregate value reported ~$114,986 (based on a $115,000 fee amount).
• Vesting: Award vests in full on the date of the Company’s 2027 annual meeting, contingent on continued service.
• Footnote: The award represents compensation in lieu of retainer and meeting fees; number of shares was calculated by dividing $115,000 by the June 26, 2026 closing price.
• Shares owned after transaction: Not specified in the provided filing.
• Filing: Form 4 filed 2026-06-29 reporting the 2026-06-26 transaction; filing was not flagged as late in the provided data.

Context
These are restricted shares that vest in the future and are typical director compensation — they are not an immediate open‑market purchase and are generally less informative about the director’s short‑term market expectations. The award converts a fixed cash retainer/fee amount into equity, aligning compensation with shareholder interests but subject to vesting conditions.