Form 4: BlackRock Capital Allocation Term Trust: Portfolio Manager Reports Transactions in BCAT

Portfolio Manager Russell Jared Koesterich reports acquisition and disposal of common stock and phantom shares in BlackRock Capital Allocation Term Trust (BCAT) on January 31, 2025.

Summary

• Russell Jared Koesterich, a Portfolio Manager at BlackRock Capital Allocation Term Trust (BCAT), filed a Form 4 detailing changes in beneficial ownership.
• On January 31, 2025, Koesterich acquired 1,713.4844 shares of common stock.
• On the same day, Koesterich disposed of 1,713.4844 shares of common stock at a price of $15.45.
• Following these transactions, Koesterich directly owns 33,000 shares of common stock.
• Koesterich also acquired 8,200.6472 phantom shares, which are the economic equivalent of common stock and payable in cash upon vesting.
• Additionally, 1,713.4844 phantom shares were acquired on January 31, 2025.
• After the reported transactions, Koesterich beneficially owns 3,426.9687 phantom shares.
• The phantom shares vest in equal installments on each of the first three anniversaries of the award.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their alignment with shareholder interests.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The information disclosed is consistent with SEC regulations and reporting requirements.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• It helps stakeholders assess the alignment of management's interests with those of the company.

Key Dates