BlackRock adopts Executive Carry Program for senior executives tied to private markets funds
BlackRock's compensation committee adopted a carry-based incentive program on January 13, 2026, for selected senior executives other than the CEO. Awards give the right to a share of carry distributions from flagship private markets funds, provide no value at grant, and vest over five years, so the financial effect depends on future fund performance that the filing does not quantify.
Key points
- Program adopted January 13, 2026 by the Management Development and Compensation Committee; awards expected to be granted beginning in 2026
- Awards are 100% at-risk and vest over five years, with no vesting before the third anniversary of allocation, then one-third vesting in each of years three, four and five
- Unvested awards are generally forfeited on voluntary or involuntary termination, with limited exceptions for termination without cause, qualified retirement, death or disability
The filing
Written by AI on Nov 8, 2026, 2:16 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 16, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.