WAGNER SUSAN 4

What Happened

• Susan Wagner, a director of BlackRock, was granted 214 restricted stock units (RSUs) on January 16, 2026. The acquisition is recorded at $0.00 (award), and the RSUs were valued using an average share price of $1,170.18, giving an approximate grant value of $250,418.52.
• This is a grant/award (not an open-market purchase or sale). RSUs are typical non‑cash director compensation and do not reflect an immediate cash investment or sale.

Key Details

• Transaction date: 2026-01-16; Form 4 filed: 2026-01-21.
• Transaction type/code: A (award/grant); 214 RSUs granted; acquisition price reported as $0.00.
• Valuation used in footnote: $1,170.18 per share → total value ≈ $250,418.52.
• Shares owned following the transaction: not specified in the provided filing details.
• Footnote: RSUs granted under the company’s director plan. They vest upon the director’s election or re‑election at the 2026 Annual Meeting and will be settled in shares on the third anniversary of the grant unless the director elects earlier settlement upon leaving the Board (either lump sum or five equal annual installments).
• Filing timing: Form 4 was filed five days after the grant (filed Jan 21 for a Jan 16 grant). (Standard Form 4 reporting is generally due within two business days of the transaction.)

Context

• RSU grants to non‑employee directors are a routine form of compensation and represent future shares subject to vesting and settlement rules; they are not an immediate market purchase or sale.
• Because settlement occurs later (and may be delayed or structured on departure), this grant does not by itself signal near‑term buying or selling by the director.