Sawhney Vikrant 4

What Happened

• Vikrant Sawhney, Chief Administrative Officer of Blackstone Inc. (BX), received a grant of 129,077 deferred restricted shares on April 1, 2026. The reported acquisition price is $0 (this is a compensation award, not an open-market purchase).

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (filed within the normal two-business-day window).
• Transaction type/code: Award / Grant (A).
• Shares granted: 129,077 deferred restricted shares; reported acquisition price $0.
• Shares owned after the transaction: Not specified in the filing.
• Vesting schedule (per footnote): 10% (12,908 shares) vest July 1, 2027; 10% (12,908) on July 1, 2028; 20% (25,815) on July 1, 2029; 30% (38,723) on July 1, 2030; and 30% (38,723) on July 1, 2031. As vested shares are to be delivered, one-quarter of each vested tranche will be held back and delivered later per the award agreement. Shares may be delivered earlier upon a change in control.
• Trust/GRAT notes: Some reported shares are held in a grantor retained annuity trust (GRAT); the filing reflects certain transfers between the GRAT and the Reporting Person that were exempt under Rule 16a-13. The Reporting Person serves as investment trustee for the GRAT.
• Beneficial ownership: The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Context

• Deferred restricted share grants are a common form of executive compensation tied to continued service (vesting schedule described above) and not an immediate cash purchase or sale. They do not necessarily indicate an insider buying or selling shares in the market.