Form 4: BlackRock Energy & Resources Trust: Portfolio Manager Bishop Reports Transactions in Phantom Shares
SEC Form 4 Filing
Alastair Bishop, a Portfolio Manager at BlackRock Energy & Resources Trust, reports transactions involving phantom shares, including acquisitions and disposals, on January 31, 2025.
Summary
- On January 31, 2025, Alastair Bishop, a Portfolio Manager at BlackRock Energy & Resources Trust, engaged in transactions involving the company's common stock and phantom shares.
- Bishop acquired 6,037.558 shares of common stock.
- Bishop disposed of 6,037.558 shares of common stock at a price of $13.19.
- Bishop acquired 3,980.2881 phantom shares.
- Bishop disposed of 1,618.0867 phantom shares related to a grant from January 31, 2024.
- Bishop disposed of 1,757.9498 phantom shares related to a grant from January 31, 2023.
- Bishop disposed of 2,661.5215 phantom shares related to a grant from January 31, 2022.
- The phantom shares vest in equal installments over three years from the grant date and are payable in cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing transactions by a company insider; it doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with significant holdings or positions in publicly traded companies, providing transparency into their transactions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect the vesting and payout of previously granted compensation.
Key Dates
| Date | Description |
|---|---|
| January 31, 2022 | Date of phantom share grant, vesting in equal installments over three years. |
| February 2, 2022 | Date of Form 4 filing reporting phantom share grant on January 31, 2022. |
| January 31, 2023 | Date of phantom share grant, vesting in equal installments over three years. |
| February 2, 2023 | Date of Form 4 filing reporting phantom share grant on January 31, 2023. |
| January 31, 2024 | Date of phantom share grant, vesting in equal installments over three years. |
| February 2, 2024 | Date of Form 4 filing reporting phantom share grant on January 31, 2024. |
| January 31, 2025 | Date of transactions involving common stock and phantom shares. |
| February 4, 2025 | Date of Form 4 filing. |
Keywords
Form 4, BlackRock Energy & Resources Trust, Alastair Bishop, phantom shares, insider trading, BGR, Portfolio Manager
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