secwatch.observer — SEC 8-K summary
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Issuer:     BlackRock, Inc. (BLK)
CIK:        0002012383
Form:       8-K
Filed at:   2025-02-14T23:59:59+00:00
Accession:  0001193125-25-026705
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2012383/000119312525026705/0001193125-25-026705-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2012383/000119312525026705/d892191d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-026705

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer