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J. Richard Kushel, Senior Managing Director at BlackRock, Inc. (NYSE:BLK), a $150 billion asset management giant with a solid GOOD financial health rating according to InvestingPro, recently sold a portion of his holdings in the company. According to a regulatory filing, Kushel disposed of 430 shares of BlackRock common stock on February 28, 2025, at a price of $949.37 per share, amounting to a total transaction value of $408,229. The stock, which currently trades at $951.79 and offers a 2.19% dividend yield with 15 consecutive years of dividend increases, appears fairly valued based on InvestingPro’s Fair Value analysis. Following this sale, Kushel holds 3,720 shares indirectly through the Kushel Family 2018 Trust.
In addition to the shares held by the trust, Kushel maintains direct ownership of 68,034.34 shares, a figure that includes both common stock and restricted stock units. These restricted stock units are set to vest over the next one to three years, converting into an equivalent number of common shares.
Kushel also retains indirect ownership of additional shares held by various family trusts, including 26,153 shares by a family trust and 45,000 shares by the Kushel Family 2011 Dynasty Trust.
In other recent news, CK Hutchison Holdings Ltd. has agreed to sell its Panama port operations to a consortium led by BlackRock Inc (BVMF:BLAK34). for $22.8 billion. This transaction involves a 90% interest in Panama Ports Company and an 80% controlling interest in associated companies, pending government approval and regulatory clearances. Meanwhile, Fitch Ratings has revised the outlook for BlackRock TCP Capital (NASDAQ:TCPC) Corp. to negative from stable, citing a decline in asset quality and increased non-accrual levels. The company’s net realized losses and non-accrual investments have risen significantly, contributing to this outlook change. Additionally, BlackRock Inc. has paused meetings with certain portfolio companies as it evaluates new SEC reporting requirements related to environmental, social, and governance (ESG) issues. This pause is a response to the SEC’s call for more detailed disclosures on ESG influence. In another development, BlackRock has introduced a new compensation package for CEO Laurence D. Fink, tying his pay to the performance of the company’s private market investment funds. This move aims to align executive compensation with the growth of BlackRock’s private markets platform and shareholder value creation.
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