Pena Fernando Austin 4

What Happened Fernando Austin Pena, President and a director of Blackstone Mortgage Trust (BXMT), sold 1,666 shares of BXMT on March 31, 2026. The shares were disposed at a weighted-average price of $18.88 per share for total proceeds of approximately $31,459. This was a sale (not a purchase), and such transactions are often routine rather than a directional vote on the stock.

Key Details

• Transaction date: 2026-03-31
• Type: Sale (open market/private sale reported as "S")
• Shares sold: 1,666
• Price: weighted average $18.88; individual trade prices ranged $18.88 to $18.885 (report notes full breakdown is available on request)
• Proceeds: ~$31,459
• Shares owned after transaction: Not disclosed in this Form 4
• Footnotes: Sale was executed pursuant to Rule 10b5-1 trading plans adopted March 5, 2024 and February 28, 2025 to satisfy tax-withholding obligations related to vesting of previously granted restricted stock awards
• Filing timeliness: No late filing indicated on the Form 4

Context The filing indicates the sale was executed under pre-established 10b5-1 plans to cover tax withholding from vested restricted stock awards. 10b5-1 plan trades are pre-planned and are commonly used for tax or diversification needs; the filing itself does not state any change in the insider’s view of the company.