Chae Michael 4

What Happened Michael Chae, Blackstone Inc.'s Chief Financial Officer and Vice Chairman, was awarded 152,667 deferred restricted shares on April 1, 2026 under the Amended and Restated 2007 Equity Incentive Plan. The shares were granted at $0.00 (no cash exchanged) and are restricted — they are not a market purchase or sale.

Key Details

• Transaction type: Award/Grant (code A) on 2026-04-01; filing dated 2026-04-03 (period of report 2026-04-01).
• Shares granted: 152,667; grant price: $0.00; total cash value at grant reported as $0.
• Vesting schedule (footnote): 10% (15,267 shares) vest on 2027-07-01; another 10% (15,267) on 2028-07-01; 20% (30,533) on 2029-07-01; 30% (45,800) on 2030-07-01; final 30% (45,800) on 2031-07-01.
• Delivery terms: As shares vest they will be delivered, but 1/4 of each tranche of vested shares will be held back and delivered at a future date per the award agreement. Shares may be delivered earlier upon a change in control.
• Shares owned after transaction: Not specified in the provided filing.
• Filing timeliness: Report filed on Apr 3, 2026 for a transaction on Apr 1, 2026 — no late filing flag indicated.

Context This is a standard equity compensation grant (deferred restricted stock) to a senior executive, not an open-market purchase or sale. Restricted shares typically cannot be sold until they vest and any plan-specific holdbacks lapse, so this grant does not represent an immediate market-directional trade.