Form 4: BlackRock Core Bond Trust: Portfolio Manager Akiva Dickstein Reports Transactions in Common Stock and Phantom Shares

Portfolio Manager Akiva Dickstein reports transactions involving BlackRock Core Bond Trust common stock and phantom shares, including acquisitions and disposals, on January 31, 2025.

Summary

• Akiva Dickstein, a Portfolio Manager at BlackRock Core Bond Trust, filed a Form 4 detailing changes in beneficial ownership.
• The report includes transactions in both common stock and phantom shares of the issuer, BlackRock Core Bond Trust (BHK).
• On January 31, 2025, Dickstein acquired 2,686.4341 shares of common stock.
• On the same date, Dickstein disposed of 2,686.4341 shares of common stock at a price of $10.57.
• Dickstein also reported transactions involving phantom shares, which are the economic equivalent of common stock and payable in cash upon vesting.
• These phantom shares vest in equal installments over three years from the grant date.
• The report details the acquisition and disposal of phantom shares related to grants from January 31, 2023 and January 31, 2024.
• Following the reported transactions, Dickstein beneficially owns 5,666.509 phantom shares related to the 2025 grant, 2,711.2535 phantom shares related to the 2024 grant, and 1,330.8074 phantom shares related to the 2023 grant.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions.

Industry Context

Form 4 filings are a routine part of compliance for individuals holding significant positions within publicly traded companies, providing transparency into their transactions and holdings.

Comparison to Industry Standards

• Form 4 filings are standard practice for company insiders, such as Akiva Dickstein, and are required by the SEC to ensure transparency in the market.
• The reporting of phantom share transactions is also common, especially in companies that use equity-based compensation for their employees.
• Similar filings can be observed across the financial industry for portfolio managers at companies like PIMCO, State Street, and Vanguard.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key employee.
• The transactions themselves are unlikely to have a significant impact on stakeholders.

Key Dates

Keywords

Form 4, BlackRock Core Bond Trust, Akiva Dickstein, phantom shares, beneficial ownership, common stock, transactions, portfolio manager