Form 4: BlackRock 2037 Municipal Target Term Trust: Portfolio Manager Reports Changes in Beneficial Ownership
SEC Form 4
Christian Romaglino, a Portfolio Manager at BlackRock 2037 Municipal Target Term Trust, reports changes in beneficial ownership of common stock and phantom shares.
Summary
- On January 31, 2025, Christian Romaglino, a Portfolio Manager at BlackRock 2037 Municipal Target Term Trust, reported transactions involving common stock and phantom shares.
- Romaglino acquired 51.3078 shares of common stock and disposed of 51.3078 shares at a price of $25.58.
- Following these transactions, Romaglino directly owns 2,272.3 shares of common stock.
- Additionally, Romaglino acquired 57.76 phantom shares, bringing the total number of phantom shares owned to 102.6156.
- These phantom shares are the economic equivalent of common stock and become payable in cash upon vesting in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with significant holdings in publicly traded companies, providing transparency into insider transactions.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key employee.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2024. |
| 01/31/2024 | Date phantom shares were granted, payable in cash on vesting. |
| 01/31/2025 | Date of the reported transactions involving common stock and phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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