Heller Caroline 4

What Happened

• Caroline Heller, Senior Managing Director at BlackRock (BLK), was granted 1,196 restricted stock units (RSUs) on January 16, 2026. The award is reported at an acquisition price of $0.00 (an equity compensation grant) and reflects an approved award value of $1,400,000.
• The $1.4M value was converted into 1,196 RSUs by dividing the award value by $1,170.18, the average of the high and low share price on January 16, 2026. The grant was approved by the Management Development and Compensation Committee on January 13, 2026.

Key Details

• Transaction date: 2026-01-16; Filing date (Form 4): 2026-01-21 (filed within the standard filing window).
• Shares/units granted: 1,196 RSUs; reported acquisition price: $0.00; award value: $1,400,000 (calculation based on $1,170.18 per share).
• Vesting: RSUs vest in equal installments on 1/31/2027, 1/31/2028 and 1/31/2029 (see footnote F1).
• Footnote F2: The reported holdings include Common Stock and RSUs that vest over 1 to 3 years; each RSU is payable in one share of Common Stock at vesting.
• Shares owned after the transaction: not specified in the information provided in this summary.

Context

• This was an equity compensation award, not an open-market purchase or sale — common for executives and senior managers as part of pay. Awards like this do not represent an immediate cash investment by the insider and should not be interpreted as a direct buy/sell signal.
• RSUs convert to actual shares only as they vest (per schedule above); there was no immediate sale or exercise reported in this filing.