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Laurence D. Fink is the CEO of BlackRock, which is the largest asset manager in the world, overseeing over $10 trillion in assets. Under his leadership, BlackRock achieved a record $540 billion in net inflows in a single year, showing...

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Laurence D. Fink

Founder and CEO of Blackrock

Education

MBA from UCLA Anderson School of Management

Field of Expertise

Finance & Banking - Finance

Sector of Economy

Financial Services

Born

November 2, 1952 - 72 years ago

CEO of Blackrock for

37 years 3 months (Jan 1988 - Present)

Previous Experience

Chairman and CEO of First Boston Corporation

Holdings

See how much did Laurence D. Fink make over time.

Laurence D. Fink has substantial holdings in BlackRock, with his personal stock valued at hundreds of millions of dollars. His wealth peaked alongside the company's growth, particularly highlighted by achieving $540 billion in net inflows in a single year. Currently,...

Total Stock Sold

$733.89M

BLK

$733.89M

1,610,191 BLK shares

What if they kept their stock?

If Laurence D. Fink didn't sell their stock, today they would have:
Extra BLK1,610,191 shares worth $726.15M.
This is -1.06% and $7.74M less than what they got when they sold the stock.

Charitable Transactions

BLK

432,919 shares

BLK

Recent Charitable Transactions

BLK

9,928 shares

BLK

Aug 6, 2024

Charity

BLK

13,480 shares

BLK

Jul 26, 2023

Charity

BLK

830 shares

BLK

Nov 22, 2022

Charity

BLK

5,435 shares

BLK

Oct 25, 2021

Charity

BLK

83,249 shares

BLK

Aug 4, 2021

Charity

BLK

8,081 shares

BLK

May 6, 2021

Charity

Insider Trading

See recent insider trades of Laurence D. Fink.

BLK

9,509 shares

BLK

Jan 31, 2025

Received

BLK

7,505 shares

BLK

Jan 16, 2025

Received

BLK

$50.45M

BLK at $1.04K/share

Dec 4, 2024

Sale

BLK

9,928 shares

BLK

Aug 6, 2024

Charity

BLK

$24.90M

BLK at $845.64/share

Aug 6, 2024

Sale

BLK

$25.03M

BLK at $807.86/share

May 20, 2024

Sale

BLK

$25.10M

BLK at $810.13/share

Feb 28, 2024

Sale

BLK

14,754 shares

BLK

Jan 31, 2024

Received

BLK

6,259 shares

BLK

Jan 16, 2024

Received

BLK

$10.04M

BLK at $652.54/share

Nov 6, 2023

Sale

Compensation History

See how much did Laurence D. Fink make over time.

In 2023, Laurence D. Fink received total compensation of nearly $28 million. This amount includes a salary of $1.5 million, cash bonuses of $7.9 million, and long-term stock awards valued at $13.15 million. His compensation reflects BlackRock's strong performance metrics, which are designed to align executive pay with the company’s success. The pay structure includes significant performance-based components, ensuring that a large part of Fink’s annual earnings hinges on BlackRock's revenue growth, operating income, and client satisfaction. This approach emphasizes accountability and aligns his interests with those of BlackRock's shareholders, demonstrating his commitment to driving long-term value.

Year

2023

Total Compensation

$14.52M

Salary

$1.50M

Board Justification

BlackRock's compensation philosophy emphasizes alignment of pay with performance, with a significant portion of compensation being performance-based and at risk, ensuring that executive incentives are aligned with shareholder interests.

Bonus

$7.90M

Board Justification

The cash portion of discretionary annual bonuses awarded pursuant to BlackRock’s annual incentive compensation program, based on subjective criteria.

Other

$1.09M

Board Justification

Includes contributions made by BlackRock under its tax-qualified defined contribution (401(k)) plan, financial planning services, and security-related expenses.

Restricted Stock

$4.03M(5M RSU)

Board Justification

The stock portion of the annual incentive awards granted in RSUs, vesting one-third on each of the first three anniversaries of the grant date.

Performance Metrics

The performance metrics for determining the CEO's compensation included financial performance measures such as net new base fee growth, operating income, and diluted earnings per share.