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Equity-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Summary of Status of Partnership's Unvested Equity-Based Awards
A summary of the status of Blackstone’s unvested equity-based awards as of December 31, 2023 and of changes during the period January 1, 2023 through December 31, 2023 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, 2022
  
 
11,029,996
 
 
$
38.02
 
  
 
31,001,563
 
 
$
82.94
 
  
 
48,886
 
 
$
85.04
 
Granted
  
 
209,498
 
 
 
33.73
 
  
 
15,590,890
 
 
 
85.21
 
  
 
69,267
 
 
 
93.20
 
Vested
  
 
(6,305,456
 
 
37.25
 
  
 
(9,179,271
 
 
74.20
 
  
 
(13,840
 
 
103.38
 
Forfeited
  
 
(348,145
 
 
38.30
 
  
 
(956,538
 
 
87.22
 
  
 
(18,866
 
 
68.63
 
  
 
 
 
    
 
 
 
    
 
 
 
 
Balance, December 31, 2023
  
 
4,585,893
 
 
$
38.94
 
  
 
36,456,644
 
 
$
86.05
 
  
 
85,447
 
 
$
114.50
 
  
 
 
 
    
 
 
 
    
 
 
 
 
Unvested Shares and Units, After Expected Forfeitures
The following unvested shares and units, after expected forfeitures, as of December 31, 2023, are expected to vest:
 
                                     
    
Shares/Units
  
Weighted-Average

Service Period in
Years
Blackstone Holdings Partnership Units
  
 
4,646,877
 
  
0.8
Deferred Restricted Shares of Common Stock
  
 
32,671,159
 
  
2.9
  
 
 
 
  
 
Total Equity-Based Awards
  
 
37,318,036
 
  
2.6
  
 
 
 
  
 
Phantom Shares
  
 
71,674
 
  
3.0