LAZARUS ROCHELLE B 4

What Happened Rochelle B. Lazarus, a director of Blackstone Inc. (BX), received a grant of 1,961 deferred restricted shares on April 1, 2026. The shares were granted at an acquisition price of $0; they will vest and the underlying shares will be delivered on April 1, 2027, subject to her continued service on the board. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03 (timely file).
• Grant: 1,961 deferred restricted shares at $0.00 acquisition price (total cash paid = $0).
• Vesting/Delivery: Scheduled for April 1, 2027, contingent on continued board service (per footnote).
• Shares owned after transaction: Not specified in this filing.
• Footnotes: Shares granted under the Amended and Restated 2007 Equity Incentive Plan (vesting one year later). The shares are held in trusts for the benefit of the reporting person’s children, over which she shares investment control. The reporting person disclaims beneficial ownership except to the extent of her pecuniary interest.

Context This was a restrictive equity award, a common form of director compensation meant to align long-term interests with shareholders. Because the shares are deferred and subject to service-based vesting, they do not represent an immediate market purchase or sale and should not be interpreted as a short-term trading signal.