Form 4: BlackRock Capital Allocation Term Trust: Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Sarah Croughan Thompson, a Portfolio Manager at BlackRock Capital Allocation Term Trust, acquired phantom shares of common stock on January 31, 2025.
Summary
- On January 31, 2025, Sarah Croughan Thompson, a Portfolio Manager at BlackRock Capital Allocation Term Trust (BCAT), acquired 1,666.6667 phantom shares of common stock.
- The price of the common stock was $15.45 per share.
- These phantom shares vest in equal installments on each of the first three anniversaries of the award and are payable in cash.
- Following the transaction, Thompson directly owns 1,666.6667 phantom shares.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as officers and directors, trade in their company's stock. This filing indicates a portfolio manager's acquisition of phantom shares, which is a form of equity compensation.
Stakeholder Impact
- The acquisition of phantom shares by a portfolio manager could be seen as a positive sign by shareholders, indicating confidence in the company's future performance.
- Employees may view this as a standard part of compensation packages.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of phantom shares |
| 02/04/2025 | Date of signature on the Form 4 filing |
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