Pena Fernando Austin 4
4 · BLACKSTONE MORTGAGE TRUST, INC. · Filed Jul 1, 2026
Research Summary
AI-generated summary of this filing
Blackstone Mortgage Trust President Fernando Pena Sells 1,670 Shares
What Happened
Fernando Austin Pena, President and Director of Blackstone Mortgage Trust (BXMT), sold 1,670 shares on 2026-06-30 in an open-market sale. The weighted-average sale price was $17.07 per share (range $17.0604–$17.08), for total proceeds of approximately $28,509. The filing indicates the sales were made to cover tax withholding on vested restricted stock awards.
Key Details
- Transaction date: 2026-06-30; Form 4 filed: 2026-07-01 (timely).
- Transaction type/code: Sale (S) — open market/private sale.
- Shares sold: 1,670; weighted-average price: $17.07; price range: $17.0604–$17.08.
- Total value: ~$28,509.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnote: Sales were effected under two Rule 10b5-1 trading plans (adopted 2024-03-05 and 2025-02-28) to satisfy tax withholding on previously granted restricted stock awards. The reporting person can provide per-price breakdowns on request.
Context
This was a sale tied to tax-withholding obligations under pre-established 10b5-1 plans — a routine administrative use of insider shares rather than an ad hoc market-timing trade. Such sales are common when restricted stock vests; they are factual disclosures and do not by themselves indicate the insider’s view on the company’s future performance.
Insider Transaction Report
- Sale
Class A Common Stock
[F1][F2]2026-06-30$17.07/sh−1,670$28,509→ 72,899 total
Footnotes (2)
- [F1]The sales reported in this Form 4 were effected pursuant to two Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025 to satisfy certain tax withholding related obligations in connection with the vesting of previously granted restricted stock awards.
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.0604 to $17.08, inclusive. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price for all transactions reported on this Form 4.