Summary
Fernando Austin Pena, president of Blackstone Mortgage Trust, Inc. (NYSE: BXMT), sold 1,666 shares of the company’s Class A common stock on March 31, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The transaction was executed under pre-arranged Rule 10b5-1 trading plans adopted on March 5, 2024 and February 28, 2025 to satisfy tax obligations associated with the vesting of restricted stock awards.
Details of the Sale
The sale was completed at a weighted average price of $18.8828 per share, with individual trade prices reported between $18.88 and $18.885. The aggregate transaction value was $31,458. Following the disposition, Pena directly holds 76,967 shares of Blackstone Mortgage Trust.
At the time of reporting, Blackstone Mortgage Trust shares were trading at $18.77 and the company’s market capitalization was reported at $3.21 billion.
Recent Company Financials and Analyst Coverage
Blackstone Mortgage Trust disclosed fourth-quarter 2025 results that included GAAP net income of $0.24 per share, which the filing described as surpassing an analyst forecast of $0.3667 per share. The company also reported a material reduction in its CECL reserve and highlighted robust performance within its loan portfolio.
Keefe, Bruyette & Woods reiterated an Outperform rating for Blackstone Mortgage Trust and set a price target of $21.50. The firm said it conducted meetings with the company’s CEO Tim Johnson, President Austin Peña, and head of investor relations Tim Hayes, during which management conveyed a constructive outlook for the company and for the real estate investment environment while acknowledging geopolitical uncertainties.
Context and Takeaways
The Form 4 filing indicates this was a planned sale under established 10b5-1 arrangements and that the proceeds were intended to cover tax liabilities stemming from restricted stock vesting. The filing and recent earnings disclosure together provide investors with current company positioning, analyst perspective, and management commentary on market conditions.
Note - The information above is drawn from the reported filing, company disclosures, and analyst engagement as stated in filings and reports.