Blackstone Inc
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 1, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
The following table sets forth information regarding repurchases of shares of our common stock during the three months ended September 30, 2024:
| Approximate Dollar | ||||
|---|---|---|---|---|
| Average · Total Number of Shares · Value of Shares that | ||||
| Total Number | Price Paid | Purchased as Part of | May Yet Be Purchased | |
| of Shares | per | Publicly Announced | Under the Program | |
| Period | Purchased | Share | Plans or Programs (a) | (Dollars in Thousands) (a) |
| Jul. 1 - Jul. 31, 2024 | 133,332 | $141.09 | 133,332 | $1,981,188 |
| Aug. 1 - Aug. 31, 2024 | 488,884 | $135.02 | 488,884 | $1,915,178 |
| Sep. 1 - Sep. 30, 2024 | 377,784 | $148.22 | 377,784 | $1,859,183 |
| 1,000,000 | 1,000,000 | |||
| (a) | On July 16, 2024, Blackstone’s board of directors authorized the repurchase of up to $2.0 billion of common stock and Blackstone Holdings Partnership Units. This authorization replaced Blackstone’s prior $2.0 billion repurchase authorization. Under the repurchase program, repurchases may be made from time to time in open market transactions, in privately negotiated transactions or otherwise. The timing and the actual numbers repurchased will depend on a variety of factors, including legal requirements, price and economic and market conditions. The repurchase program may be changed, suspended or discontinued at any time and does not have a specified expiration date. See “Part I. Item 1. Financial Statements — Notes to Condensed Consolidated Financial Statements — Note 14. Earnings Per Share and Stockholders’ Equity — Share Repurchase Program” and “Part I. Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources — Share Repurchase Program” for further information regarding this repurchase program. |
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As permitted by our policies and procedures governing transactions in our securities by our directors, executive officers and other employees, from time to time some of these persons may establish plans or arrangements complying with Rule 10b5-1 under the Exchange Act, and similar plans and arrangements relating to our common stock and Blackstone Holdings Partnership Units.
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