Board Justification

Our pay-for-performance compensation philosophy is structured to align management’s interests with our shareholders’ interests.

Board Justification

These amounts represent the discretionary annual cash Bonuses for the respective periods awarded pursuant to BlackRock’s annual incentive compensation program. The amount of incentive compensation awarded to each NEO in January 2025 (for fiscal year 2024) was based on subjective criteria, as more fully described in the “2024 NEO Compensation and Performance Summaries” on pages 74-88.

Board Justification

$29,150 was attributable to contributions made by BlackRock under its tax-qualified defined contribution (401(k)) plan in 2024. $0 was attributable to financial planning services for 2024. the value reported for 2024 also includes $295,000 which reflects the incremental cost associated with personal use of company-provided aircraft services that counted toward their respective personal use allowances approved by the MDCC. the values reported for 2024 also include $226,793 for expenses incurred by the Company to provide personal and residential security.

Board Justification

Value realized reflects (i) the closing price per share of BlackRock common stock on the day prior to the vesting date, multiplied by (ii) the number of RSUs that vested.