---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-026705"
form_type: "8-K"
ticker: "BLK"
cik: "0002012383"
company_name: "BlackRock, Inc."
filed_at: "2025-02-14T23:59:59+00:00"
generated_at: "2026-05-26T21:43:21.001818+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# BlackRock adds carried interest to CEO Larry Fink's compensation for private markets growth

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-25-026705
- form_type: 8-K
- ticker: BLK
- cik: 0002012383
- company_name: BlackRock, Inc.
- filed_at: 2025-02-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2012383/000119312525026705/0001193125-25-026705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2012383/000119312525026705/d892191d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-026705
- JSON: https://secwatch.observer/filing/0001193125-25-026705.json
- Plain text: https://secwatch.observer/filing/0001193125-25-026705.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.