Blackstone Mortgage Trust (BXMT) President Fernando Pena Sells Shares

What Happened Fernando Pena, President and Director of Blackstone Mortgage Trust (BXMT), sold 1,127 shares on 2026-09-17 at $13.42 per share, generating proceeds of $15,129. The Form 4 reports the sale (transaction code S) and indicates it was effected under a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date and price: 2026-09-17 — 1,127 shares @ $13.42.
• Total proceeds: $15,129.
• Shares owned after transaction: not disclosed in this Form 4 filing.
• Footnote: Sale executed pursuant to a Rule 10b5-1 plan adopted March 26, 2026 to satisfy tax-withholding obligations tied to the vesting of previously granted restricted stock awards.
• Filing date: Form 4 filed 2026-09-18 (one day after the trade), which is timely under Form 4 rules.
• Transaction type: Sale (S) — reported as an open-market or private sale.

Context Sales made under a 10b5-1 plan to cover tax withholding for vested awards are common and are typically considered routine rather than a clear signal of the insider’s view on the company. The dollar amount here is relatively modest ($15.1k).