Cohen Stephen 4

What Happened
Stephen Cohen, a Senior Managing Director at BlackRock, was awarded 2,596 restricted stock units (RSUs) on January 16, 2026 (transaction code A). The RSUs were reported at an acquisition price of $0.00 and reflect an award value of $3,037,498 based on an average share price of $1,170.18 on Jan 16, 2026. The grant was approved by the Management Development and Compensation Committee on January 13, 2026.

Key Details

• Transaction date: 2026-01-16 (reported on Form 4 filed 2026-01-21) — filing is timely (within SEC 2-business-day window considering Jan 19 was a federal holiday).
• Shares/units granted: 2,596 RSUs; reported price $0.00; award value $3,037,498 (conversion used $1,170.18 per share).
• Vesting: RSUs vest in equal installments on 01/31/27, 01/31/28 and 01/31/29 (per footnote).
• Shares owned after transaction: Not reported in the Form 4.
• Footnotes: F1 explains the $3,037,498 award was converted to 2,596 RSUs using the Jan 16 average price; F2 notes RSUs are payable solely in shares and vest over 1–3 years.

Context
This was a compensation award (RSUs), not an open-market purchase or sale. RSU grants are common executive compensation and vest over time; they do not necessarily signal immediate insider sentiment since they’re part of pay packages and are not an active buy/sell by the insider.