Kushel J. Richard 4
4 · BlackRock, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock (BLK) Senior MD Kushel J. Richard Sells Shares
What Happened
Kushel J. Richard, a Senior Managing Director at BlackRock (BLK), had 4,186 shares withheld (disposed) on 2026-01-30 to satisfy tax obligations related to vesting, at an effective price of $1,118.94 per share for a value of $4,683,883. The filing also reports a grant/award of 6,272 shares (reported as acquired at $0.00) on 2026-01-31, which represent restricted stock units (RSUs) that will vest over time.
Key Details
- Transactions: 2026-01-30 — 4,186 shares withheld/surrendered at $1,118.94 (total $4,683,883); 2026-01-31 — 6,272 shares granted (RSUs) at $0.00.
- Shares owned after transaction: Not specified in this filing.
- Footnotes: F1 — withholding by BlackRock to satisfy tax on vesting; F2 — award includes Common Stock and RSUs that vest over 1–3 years; F3 — describes a 2022 performance award conversion and adjustment (resulting RSUs reflect 116.6% of the original award).
- Filing timeliness: Form filed 2026-02-03; transactions from 2026-01-30 and 2026-01-31 were reported within the required 2-business-day window.
Context
The 4,186-share disposition was a tax-withholding/net settlement (code F), not an open-market sale by the insider — a routine administrative action when RSUs vest. The 6,272 acquired shares are RSUs subject to future vesting and are paid in shares, so they do not represent an immediate market purchase. For retail investors, purchases are generally more informative than routine tax withholdings; this filing mainly documents compensation vesting and associated tax withholding.
Insider Transaction Report
- Tax Payment
Shares Of Common Stock (par Value $0.01 Per Share)
[F1][F2]2026-01-30$1118.94/sh−4,186$4,683,883→ 57,708.34 total - Award
Shares Of Common Stock (par Value $0.01 Per Share)
[F3][F2]2026-01-31+6,272→ 63,980.34 total
- 26,153(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
- 1,000(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
- 1,000(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
- 47,305(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
- 3,720(indirect: By Trust)
Shares Of Common Stock (par Value $0.01 Per Share)
Footnotes (3)
- [F1]Represents the withholding by BlackRock of common stock to satisfy tax obligations on the vesting of the reporting person's awards granted under the Third Amended and Restated BlackRock, Inc. 1999 Stock Award and Incentive Plan.
- [F2]Includes Common Stock as well as Restricted Stock Units that will vest over a period of 1 to 3 years. Each Restricted Stock Unit is payable solely by delivery of an equal number of shares of Common Stock.
- [F3]Reflects a 2022 BlackRock Performance Incentive Plan award value of $3,999,878 converted to 5,379 Restricted Stock Units by dividing the award value by $743.61, which was the average of the high and low price per share of Common Stock on January 17, 2023. The award was disclosed in the table on page 59 of BlackRock's 2023 Proxy Statement in the column headed "Long-Term Incentive Award (BPIP)." As outlined in BlackRock's 2023 Proxy Statement, the award was subject to adjustment based on certain performance metrics approved by the Management Development and Compensation Committee at the time of the award. Based on the Company's performance, the Restricted Stock Units vesting represent 116.6% of the original award.