Heller Caroline 4
4 · BlackRock, Inc. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock (BLK) Senior MD Caroline Heller Sells 740 Shares for Taxes
What Happened
Caroline Heller, a Senior Managing Director at BlackRock (BLK), had 740 shares of BlackRock common stock withheld by the company to satisfy tax obligations on vesting awards (disposition) on 2026-01-30. The withheld shares were valued at $1,118.94 each for a total of $828,016. The next day (2026-01-31) she was recorded as acquiring 627 shares as an award/grant (RSUs) at $0.00 value (these are equity awards, not a market purchase).
Key Details
- Transaction dates and prices:
- 2026-01-30: 740 shares withheld (Disposition, code F) at $1,118.94 per share — proceeds/value $828,016.
- 2026-01-31: 627 shares granted (Award/Acquisition, code A) at $0.00 — recorded as 627 RSUs.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes of note:
- F1 — the 740-share disposition reflects BlackRock withholding common stock to satisfy tax obligations on vested awards under BlackRock’s 1999 Stock Award and Incentive Plan.
- F2 — the award includes Restricted Stock Units (RSUs) that will vest over 1–3 years and are payable solely in shares of common stock.
- F3 — the 627 RSUs reflect a 2022 Performance Incentive Plan award originally valued at $400,062 (converted to 538 RSUs using a $743.61 reference price) that was adjusted to 116.6% based on performance, yielding 627 RSUs.
- Filing timeliness: Form 4 was filed on 2026-02-03 for transactions on 2026-01-30/31, which is within the normal SEC two-business-day reporting window.
Context
The 740-share disposition was a tax-withholding action (a routine administrative disposition) tied to vesting awards, not an open-market sale indicating a discretionary liquidity event. The 627-share line reflects award/vesting activity (performance-adjusted RSUs) that will vest/convert to shares over time according to the plan schedule. These types of filings document compensation-related equity changes rather than an outright purchase or sale signaling insider sentiment.
Insider Transaction Report
- Tax Payment
Common Stock
[F1][F2]2026-01-30$1118.94/sh−740$828,016→ 3,384 total - Award
Common Stock
[F3][F2]2026-01-31+627→ 4,011 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 $400,062 converted to 538 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.