Cohen Stephen 4

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.