leadership
confidence high
sentiment neutral
materiality 0.50
BlackRock adds carried interest to CEO Larry Fink's compensation for private markets growth
BlackRock, Inc.
- CEO allocated carry from a composite of 2024 flagship private markets funds (infrastructure, private debt, private equity, real estate).
- Carry is 100% at-risk based on fund performance exceeding pre-specified hurdles over a defined term.
- Subject to 3-year ratable vesting; forfeiture on voluntary/involuntary termination except qualified retirement, death, or disability.
- Clawback provisions apply for fund underperformance; distributions may be held back for return of capital obligations.
- Introduced as part of CEO's 2024 year-end total incentive compensation to align with long-term private markets value creation.