Form 4: BlackRock Debt Strategies Fund: Portfolio Manager Garfin Mitchell Reports Stock Transactions
SEC Form 4 Filing
Portfolio Manager Garfin Mitchell reports transactions involving BlackRock Debt Strategies Fund, including the acquisition and disposal of common stock and phantom shares.
Summary
- On January 31, 2025, Garfin Mitchell, a Portfolio Manager at BlackRock Debt Strategies Fund, engaged in transactions involving the company's common stock and phantom shares.
- Mitchell acquired 2,014.5224 shares of common stock.
- Mitchell also disposed of 2,014.5224 shares of common stock at a price of $10.75 per share.
- The transactions resulted in Mitchell holding 0 shares of common stock directly.
- Mitchell also transacted 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.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for insiders of publicly traded companies, providing transparency into their trading activities. It reflects the actions of a portfolio manager within BlackRock Debt Strategies Fund.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by slightly altering the ownership structure of the fund.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2024. |
| 01/31/2024 | Date phantom shares were granted. |
| 01/31/2025 | Date of the reported transactions involving common stock and phantom shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
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