Blackstone Mortgage Trust (BXMT) Director Hsu Chen Yi Receives Award

What Happened
Hsu Chen Yi, a director of Blackstone Mortgage Trust, received an award of 6,597 shares (reported as an acquisition) on 2026-06-26. The filing lists an implicit price of $17.43 per share for a total value of $114,986. This was an award of Class A Common Stock Units (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-26; Form 4 filed: 2026-06-29 (appears to be filed within the standard reporting window).
• Shares reported acquired: 6,597 at an implied price of $17.43; total value ≈ $114,986.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: award represents Class A Common Stock Units in lieu of retainer and meeting fees. The number of shares was calculated by dividing $115,000 in fees by the closing price on June 26, 2026. The award vests in full on the date of the company’s 2027 annual meeting, subject to continued service.
• Transaction code: A (award/grant/acquisition).

Context
This was a compensation-related grant (equity in lieu of director fees) that converts to shares one-for-one but vests only at the 2027 annual meeting, so the shares are not immediately liquid. Such director awards are routine compensation and do not by themselves indicate a trading view on the company.