Insider Trading March 18, 2026

Blackstone Mortgage Trust CFO Disposes of 452 Shares as Company Reports Q4 2025 Results

Sale executed under 10b5-1 plan; company posts GAAP net income of $0.24 per share and trims CECL reserve

By Sofia Navarro BXMT
Blackstone Mortgage Trust CFO Disposes of 452 Shares as Company Reports Q4 2025 Results
BXMT

Blackstone Mortgage Trust Chief Financial Officer Marcin Urbaszek sold 452 shares on March 17, 2026, for $19.13 a share, netting $8,646. The transaction was made under a Rule 10b5-1 plan adopted in March 2025 to cover tax obligations tied to vested restricted stock. The firm reported Q4 2025 GAAP net income of $0.24 per share, noted a reduction in its CECL reserve and said its loan portfolio performed well, although the stock fell in pre-market trading and is trading above its InvestingPro Fair Value.

Key Points

  • CFO Marcin Urbaszek sold 452 Class A shares on March 17, 2026, at $19.13 per share for $8,646 total; he now directly owns 26,176 shares.
  • The sale was executed under a Rule 10b5-1 plan adopted March 6, 2025, to cover tax liabilities from vested restricted stock awards.
  • Blackstone Mortgage Trust reported Q4 2025 GAAP net income of $0.24 per share, reported as surpassing an EPS forecast of $0.3667, and disclosed a reduction in its CECL reserve alongside strong loan portfolio performance.

Blackstone Mortgage Trust (NYSE:BXMT) Chief Financial Officer Marcin Urbaszek sold 452 shares of the company’s Class A Common Stock on March 17, 2026. The shares were disposed of at $19.13 per share, producing a total transaction value of $8,646.

Following the sale, Urbaszek retains direct ownership of 26,176 shares of Blackstone Mortgage Trust. The disposition was carried out under a Rule 10b5-1 trading plan that was adopted on March 6, 2025. Company filings state the plan was intended to cover tax obligations associated with the vesting of previously granted restricted stock awards.

The timing of the insider sale coincides with the stock trading above its InvestingPro Fair Value and being listed on the platform’s Most Overvalued list. Investors and market observers may note that the transaction took place while the shares were trading at levels that the InvestingPro model deems higher than fair value.

In separate corporate disclosures, Blackstone Mortgage Trust Inc. reported its fourth-quarter 2025 results. The company recorded GAAP net income of $0.24 per share for the quarter. That figure is reported in company materials as having surpassed an earnings per share forecast of $0.3667. The company also highlighted a notable reduction in its Current Expected Credit Loss, or CECL, reserve during the period.

Management emphasized the robust performance of the loan portfolio in the quarter, citing portfolio strength as a factor in the financial update. Despite the company’s reported earnings and the reduced CECL reserve, the stock experienced a decline in pre-market trading following the release of the results.

These filing details and financial disclosures outline current insider activity and recent quarterly performance for Blackstone Mortgage Trust. The 10b5-1 plan disclosure and the post-sale ownership stake are recorded in SEC filings, and the company’s reported GAAP EPS, CECL reserve movement, and commentary on loan portfolio performance are taken from the company’s quarterly report.


Summary

Blackstone Mortgage Trust’s CFO sold 452 shares on March 17, 2026, under a 10b5-1 plan to satisfy tax obligations from vested restricted stock. The company reported Q4 2025 GAAP net income of $0.24 per share, a reduction in its CECL reserve and strong loan portfolio performance; the stock fell in pre-market trading and is noted as trading above its InvestingPro Fair Value.

Risks

  • The stock traded in pre-market decline after the earnings release, indicating potential short-term volatility in the mortgage REIT and financial sectors.
  • The company is trading above its InvestingPro Fair Value and appears on the Most Overvalued list, which may present valuation risk for equity investors in mortgage REITs.
  • Insider sales, although executed under a 10b5-1 plan for tax obligations, can create market perception questions that may affect investor sentiment in real estate investment trusts and mortgage finance.

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