BlackRock MDCC adopted an Executive Carry Program (ECP) on Jan 13, 2026.
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BlackRock MDCC adopted an Executive Carry Program (ECP) on Jan 13, 2026. Selected senior execs (ex-CEO) may receive rights to a % of carry from flagship private markets funds; grants expected to begin in 2026. $BLK 📢 #BlackRock #PrivateMarkets
ECP awards issued via an aggregator partnership that holds rights to carry distributions; awards have no value at grant and are 100% at‑risk—payouts tied to future fund performance. MDCC approves participating "flagship" funds (generally >$1B) across infra, PE, debt, RE. $BLK 🔒 #Carry #Investing
Vesting & protections: 5‑yr vesting with no vesting until year 3, then 1/3 on yrs 3–5. Unvested awards forfeited on termination except involuntary without cause or qualified retirement (vesting continues 2 yrs); full acceleration for death/disability. Distributions subject to holdbacks & clawbacks. $BLK ⏳🛡️ #Governance #Compensation