Payne David 4

What Happened

• David Payne, Blackstone Inc.'s Chief Accounting Officer, was granted 17,804 deferred restricted shares (transaction code A) on April 1, 2026. The Form 4 reports an acquisition price of $0 (award/compensation), not an open-market purchase or sale.
• This is a stock award under Blackstone's equity plan as compensation rather than a market trade; it does not reflect an immediate cash value in the filing.

Key Details

• Transaction date: 2026-04-01; transaction type: Grant/Award (Code A); reported purchase price: $0.
• Vesting schedule (per footnote): 10% (1,780 shares) vests 7/1/2027; 10% (1,780) vests 7/1/2028; 20% (3,561) vests 7/1/2029; 30% (5,341) vests 7/1/2030; remaining 30% (5,342) vests 7/1/2031.
• As each tranche vests, shares will be delivered to Payne, but 1/4 of the vested shares will be held back and delivered on a future date per the award agreement.
• Award granted under the Amended and Restated 2007 Equity Incentive Plan. Shares may be delivered earlier upon a change in control of Blackstone.
• Shares owned after the transaction: not disclosed in this filing.
• Filing timeliness: Report filed 2026-04-03 for a 2026-04-01 transaction (filed within typical SEC insider-reporting window).

Context

• This is a compensation grant (deferred restricted shares). Such awards are routine for executive compensation and differ from purchases or sales that might signal personal market views.
• The deferred and staggered vesting schedule is designed to retain the executive; the filing does not indicate any immediate sale or cashless exercise.