Cohen Stephen 4
4 · BlackRock, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock (BLK) Senior MD Stephen Cohen Receives Award, Sells Shares
What Happened
Stephen Cohen, a Senior Managing Director at BlackRock, had 2,135 shares withheld by the company on Jan 30, 2026 to satisfy tax obligations related to vested awards (treated as a disposition) at $1,118.94 per share, totaling $2,388,937. The next day (Jan 31, 2026) he was credited with 3,771 shares as a grant/award (recorded at $0.00 acquisition price), which include common stock and restricted stock units that will vest over time.
Key Details
- Transactions:
- 2026-01-30: Tax withholding/disposition (code F) — 2,135 shares @ $1,118.94 = $2,388,937.
- 2026-01-31: Grant/award (code A) — 3,771 shares @ $0.00 (acquired as awards/RSUs).
- Shares owned after transaction: Not specified in this filing.
- Footnotes of note:
- F1: The 2,135-share disposition represents company withholding to satisfy tax on vested awards.
- F2: The 3,771 award includes Common Stock and Restricted Stock Units that vest over 1–3 years; each RSU pays out one share when it vests.
- F3: Describes a 2022 Performance Incentive Plan award converted to 3,234 RSUs based on an original dollar value and a performance adjustment to 116.6% of the original award.
- Filing timeliness: Report filed 2026-02-03 for transactions on Jan 30–31, 2026 — filed within the required two business days.
Context
This filing reflects a routine tax-withholding share disposition (company retained shares to cover taxes) and the issuance/vesting of awards (RSUs and/or shares). Awards and withholdings are compensation-related events, not open-market purchases or sales that necessarily indicate a change in the insider’s market view.
Insider Transaction Report
- Tax Payment
Shares Of Common Stock (par Value $0.01 Per Share)
[F1][F2]2026-01-30$1118.94/sh−2,135$2,388,937→ 4,951 total - Award
Shares Of Common Stock (par Value $0.01 Per Share)
[F3][F2]2026-01-31+3,771→ 8,722 total
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 $2,404,835 converted to 3,234 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. 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.