GRAY JONATHAN 4

What Happened
Jonathan Gray, President & COO and a director of Blackstone Inc. (BX), was granted 302,662 deferred restricted shares on April 1, 2026. The shares were reported as an award/acquisition at $0.00 per share (total reported value $0). This is a grant of restricted stock rather than an open-market purchase or sale.

Key Details

• Transaction date: April 1, 2026; Form 4 filed April 3, 2026 (appears to be timely).
• Transaction type/code: A (Grant / Award / Other Acquisition).
• Shares granted: 302,662 deferred restricted shares; reported acquisition price $0.00; total $0.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Footnote (vesting): Under the Amended and Restated 2007 Equity Incentive Plan, the shares vest in installments — 10% (30,266) on 7/1/2027; 10% (30,266) on 7/1/2028; 20% (60,532) on 7/1/2029; 30% (90,799) on 7/1/2030; and 30% (90,799) on 7/1/2031. As shares vest they will be delivered to Gray, but 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.

Context
This filing documents an equity award, which is common for executive compensation and is different from buying or selling stock on the open market. Because these are deferred restricted shares with multi-year vesting, the economic interest vests over time and may be forfeited if vesting conditions aren’t met.