Form 4: BlackRock Energy & Resources Trust: Portfolio Manager McClements Reports Transactions in Common Stock and Phantom Shares
SEC Form 4 Filing
Portfolio Manager Kyle McClements reports acquisition and disposal of BlackRock Energy & Resources Trust common stock and phantom shares on January 31, 2025.
Summary
- On January 31, 2025, Kyle McClements, a Portfolio Manager at BlackRock Energy & Resources Trust, engaged in transactions involving common stock and phantom shares of the company.
- McClements acquired 2,383.6635 shares of common stock.
- McClements disposed of 2,383.6635 shares of common stock at a price of $13.19.
- McClements acquired 2,439.348 phantom shares.
- McClements disposed of phantom shares previously granted on January 31 of 2022, 2023 and 2024.
- Following these transactions, McClements directly owns 2,514 shares of common stock.
- McClements also holds varying amounts of phantom shares from different grant dates.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions appear to be routine. Therefore, the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure of transactions by a company insider, providing transparency to investors regarding the trading activities of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The transactions themselves are unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| January 31, 2022 | Reporting Person was granted phantom shares payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| February 3, 2022 | Date of Form 4 filing reporting phantom shares granted on January 31, 2022. |
| January 31, 2023 | Reporting Person was granted phantom shares payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| February 2, 2023 | Date of Form 4 filing reporting phantom shares granted on January 31, 2023. |
| January 31, 2024 | Reporting Person was granted phantom shares payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| February 2, 2024 | Date of Form 4 filing reporting phantom shares granted 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
BlackRock Energy & Resources Trust, BGR, Kyle McClements, Portfolio Manager, Common Stock, Phantom Shares, Form 4, SEC, Beneficial Ownership, Transaction
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