Lord Rachel 4

What Happened

• Rachel Lord, Senior Managing Director at BlackRock, was granted 2,339 Restricted Stock Units (RSUs) on January 16, 2026. The filing shows an acquisition at $0.00 per share (standard for awards). The approved award value was $2,737,625, which was converted to 2,339 RSUs using an average price of $1,170.18 per share on Jan 16, 2026.

Key Details

• Transaction type: Award/Grant (Code A). Transaction date: 2026-01-16; filing date: 2026-01-21.
• Award size: 2,339 RSUs; stated award value: $2,737,625 (≈ $2.74M).
• Vesting: RSUs vest in equal installments on 01/31/2027, 01/31/2028 and 01/31/2029. Grant was approved by the Management Development and Compensation Committee on 01/13/2026.
• RSU settlement: Each RSU will be paid solely in shares of Common Stock (no cash settlement).
• Shares owned after transaction: Not disclosed in the filing.
• Timeliness: The Form 4 was filed on 2026-01-21 for a 2026-01-16 grant, which appears to be one business day beyond the typical two-business-day Section 16 reporting window.

Context

• This is a compensation-related grant (not an open-market purchase or sale). Such awards are routine for executives and reflect company compensation decisions rather than an immediate buy/sell market signal. The RSUs will convert to shares as they vest on the listed future dates.