Heller Caroline 4

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.