Form 4: BlackRock Portfolio Manager Soccio Phillip Reports Changes in Beneficial Ownership

Portfolio Manager Phillip Soccio reports transactions involving BlackRock 2037 Municipal Target Term Trust shares, including the acquisition and disposal of common stock and phantom shares.

Summary

• Phillip Soccio, a Portfolio Manager at BlackRock 2037 Municipal Target Term Trust, filed a Form 4 detailing changes in beneficial ownership.
• The transactions occurred on January 31, 2025.
• Soccio acquired 28.8606 common stock shares and disposed of 28.8606 common stock shares at a price of $25.58.
• He also acquired 70.3675 phantom shares and disposed of 28.8606 phantom shares.
• Following these transactions, Soccio beneficially owns 0 shares of common stock and 57.7213 phantom shares.
• The phantom shares vest in equal installments on the first three anniversaries of the award and are payable in cash.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure required by the SEC for individuals with insider access to publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps maintain fair market practices.

Key Dates

Keywords

Form 4, Beneficial Ownership, BlackRock, Phillip Soccio, Portfolio Manager, BMN, Phantom Shares, Common Stock, Transactions