Equity-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Summary of Status of Partnership's Unvested Equity-Based Awards

A summary of the status of Blackstone’s unvested equity-based awards as of March 31, 2024 and of changes during the period January 1, 2024 through March 31, 2024 is presented below:


	Blackstone Holdings					Blackstone Inc.
						Equity Settled Awards					Cash Settled Awards
				Weighted-					Weighted-					Weighted-
				Average		Deferred			Average					Average
	Partnership			Grant Date		Restricted Shares			Grant Date		Phantom			Grant Date
Unvested Shares/Units	Units			Fair Value		of Common Stock			Fair Value		Shares			Fair Value
Balance, December 31, 2023		4,585,893		$	38.94		36,456,644		$	86.05		85,447		$	114.50
Granted		—			—		1,708,994			130.25		7,362			128.09
Vested		(268,682	)		33.25		(2,839,811	)		88.53		(7,100	)		128.09
Forfeited		(35,431	)		46.58		(597,142	)		88.20		(15,130	)		128.09

Balance, March 31, 2024		4,281,780		$	39.23		34,728,685		$	88.04		70,579		$	128.49

Unvested Shares and Units, After Expected Forfeitures

The following unvested shares and units, after expected forfeitures, as of March 31, 2024, are expected to vest:


			Weighted-
			Average
			Service Period
	Shares/Units		in Years
Blackstone Holdings Partnership Units		4,430,851	0.5
Deferred Restricted Shares of Common Stock		31,480,104	2.7

Total Equity-Based Awards		35,910,955	2.5

Phantom Shares		60,171	2.8