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Equity-Based Compensation (Tables)
3 Months Ended
Mar. 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 March 31, 2023 and of changes during the period January 1, 2023 through March 31, 2023 is presented below:
 
                                                                                                                                                                                           
    
Blackstone Holdings
  
Blackstone Inc.
             
Equity Settled Awards
  
Cash Settled Awards
        
Weighted-
      
Weighted-
      
Weighted-
        
Average
  
Deferred
 
Average
      
Average
    
Partnership
 
Grant Date
  
Restricted Shares
 
Grant Date
  
Phantom
 
Grant Date
Unvested Shares/Units
  
Units
 
Fair Value
  
of Common Stock
 
Fair Value
  
Shares
 
Fair Value
Balance, December 31, 2022
  
 
11,029,996
 
 
$
38.02
 
  
 
31,001,563
 
 
$
82.94
 
  
 
48,886
 
 
$
85.04
 
Granted
  
 
 
 
 
 
  
 
3,170,790
 
 
 
74.71
 
  
 
12,043
 
 
 
89.78
 
Vested
  
 
(912,145
 
 
35.74
 
  
 
(2,308,783
 
 
82.79
 
  
 
(3,461
 
 
89.78
 
Forfeited
  
 
(43,502
 
 
42.73
 
  
 
(152,610
 
 
79.80
 
  
 
 
 
 
 
    
 
 
 
          
 
 
 
          
 
 
 
       
Balance, March 31, 2023
  
 
10,074,349
 
 
$
38.20
 
  
 
31,710,960
 
 
$
82.15
 
  
 
57,468
 
 
$
89.78
 
    
 
 
 
          
 
 
 
          
 
 
 
       
Unvested Shares and Units, After Expected Forfeitures
The following unvested shares and units, after expected forfeitures, as of March 31, 2023, are expected to vest:
 
           
Weighted-
           
Average
           
Service Period
    
Shares/Units
    
in Years
Blackstone Holdings Partnership Units
     9,954,549      1.1
Deferred Restricted Shares of Common Stock
     28,287,573      2.8
    
 
 
    
 
Total Equity-Based Awards
             38,242,122      2.4
    
 
 
    
 
Phantom Shares
     47,270      3.0