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BLACKSTONE MORTGAGE TRUST, INC.·4

Jun 29, 5:49 PM ET

Pena Fernando Austin 4

Research Summary

AI-generated summary

Updated

Blackstone Mortgage Trust (BXMT) President Fernando Pena Sells 2,398 Shares

What Happened
Fernando Austin Pena, President and Director of Blackstone Mortgage Trust (BXMT), sold 2,398 shares on June 25, 2026 at $17.48 per share, for a total of about $41,917. This was a sale (not a purchase) and was executed under a pre-arranged plan to satisfy tax withholding obligations.

Key Details

  • Transaction date and price: 2026-06-25, 2,398 shares at $17.48 each (total ≈ $41,917).
  • Method: Reported as an open market/private sale on Form 4.
  • Shares owned after transaction: Not specified in the provided filing.
  • Footnote: Sale was made pursuant to a Rule 10b5-1 trading plan adopted March 26, 2026 to satisfy tax withholding related to the vesting of restricted stock awards.
  • Timeliness: Form 4 filed 2026-06-29; filing appears timely (within required reporting window).

Context
A sale tied to tax withholding and executed under a 10b5-1 plan is typically routine and does not by itself indicate a change in the insider’s view of the company. Rule 10b5-1 plans allow insiders to pre-schedule transactions, which can reduce the appearance of opportunistic trading.