v3.26.1
Equity-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2026
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, 2026 and of changes during the period January 1, 2026 through March 31, 2026 is presented below:
 
$
                        
 $
                        
 $
                        
 $
                        
 $
                        
 $
                        
    
Blackstone Holdings
   
Blackstone Inc.
             
Equity Settled Awards
   
Cash Settled Awards
Unvested Shares/Units
   
Partnership
Units
  
Weighted-
Average
Grant Date
Fair Value
   
Deferred
Restricted Shares
of Common Stock
  
Weighted-
Average
Grant Date
Fair Value
   
Phantom
Shares
  
Weighted-
Average
Grant Date
Fair Value
Balance, December 31, 2025
   
 
226,888
 
  
$
32.02
 
   
 
29,420,712
 
  
$
122.07
 
   
 
66,941
 
  
$
146.70
 
Granted
   
 
—
 
  
 
—
 
   
 
2,151,158
 
  
 
154.17
 
   
 
1,768
 
  
 
110.92
 
Vested
   
 
(226,888
) 
  
 
32.02
 
   
 
(2,655,224
) 
  
 
125.87
 
   
 
(5,196
) 
  
 
115.55
 
Forfeited
   
 
—
 
  
 
—
 
   
 
(101,279
) 
  
 
129.76
 
   
 
(2,566
) 
  
 
132.13
 
  
 
 
 
     
 
 
 
     
 
 
 
  
Balance, March 31, 2026
   
 
—
 
  
$
—
 
   
 
28,815,367
 
  
$
124.19
 
   
 
60,947
 
  
$
110.44
 
  
 
 
 
     
 
 
 
     
 
 
 
  
Unvested Shares and Units, After Expected Forfeitures
The following unvested shares and units, after expected forfeitures, as of March 31, 2026, are expected to vest:
 
$
                        
 $
                        
    
Shares/
Units
     
Weighted-
Average
Service Period
in Years
  
Deferred Restricted Shares of Common Stock
   
 
25,027,016
 
   
 
2.5
 
  
 
 
     
 
 
  
Phantom Shares
   
 
52,082
 
   
 
2.7