Form 4: BlackRock Corporate High Yield Fund Portfolio Manager Reports Transactions in Company Stock and Phantom Shares

Mitchell Garfin, a Portfolio Manager at BlackRock Corporate High Yield Fund, reports transactions involving common stock and phantom shares, including acquisitions and disposals, as per Section 16(a) of the Securities Exchange Act of 1934.

Summary

• Mitchell Garfin, a Portfolio Manager at BlackRock Corporate High Yield Fund, filed a Form 4 detailing changes in beneficial ownership.
• The report includes transactions in both common stock and phantom shares of BlackRock Corporate High Yield Fund (HYT).
• On January 31, 2025, Garfin acquired 15,732.5535 shares of common stock.
• On the same date, Garfin disposed of 15,732.5535 shares of common stock at a price of $9.9.
• Garfin also reported transactions involving phantom shares, which are the economic equivalent of one share 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, Garfin beneficially owns a certain number of common stock and phantom shares.

Sentiment

Score: 5

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

Industry Context

Form 4 filings are a standard part of regulatory compliance for individuals with significant holdings or positions in publicly traded companies, providing transparency into their transactions.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the transactions of a key company officer.

Key Dates