Blackstone Mortgage Trust: director Leonard W Cotton received 2,989 shares

What happened

• Leonard W Cotton, a director, received 2,989 shares (transaction code A) at $10.78 per share on Oct 15, 2026, for $32,221. The filing describes the shares as Class A Common Stock Units issued in lieu of dividends.

Key details

• Transaction date and price: Oct 15, 2026 at $10.78 per share.
• Total acquired: 2,989 shares, total value $32,221.
• Shares owned after the transaction: not stated in the filing.
• Footnotes:
  • F1: The shares represent Class A Common Stock Units issued in lieu of dividends that convert one-for-one to Class A common stock; the number was calculated using the $0.47 per share dividend and the Oct 15, 2026 closing price.
  • F2: Includes 176 shares acquired since the reporting person's last filing as a result of participation in a dividend reinvestment plan.
• Filing date: filed Oct 16, 2026 for the Oct 15, 2026 transaction.

Why it may matter

• The filing reports an award/grant of units in lieu of dividends rather than a market purchase or sale.
• A filing does not show why the insider traded or why the company acted.