Form 4: BlackRock Portfolio Manager Reports Stock Transactions
SEC Form 4
Scott MacLellan, a Portfolio Manager at BlackRock Enhanced Government Fund, Inc., reports transactions involving common stock and phantom shares.
Summary
- Scott MacLellan, a Portfolio Manager at BlackRock Enhanced Government Fund, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The transactions include the acquisition and disposition of common stock and phantom shares.
- On January 31, 2025, MacLellan acquired 657.3412 shares of common stock and disposed of 657.3412 shares at a price of $9.63.
- MacLellan also acquired 710.751 phantom shares and disposed of phantom shares related to grants from previous years (2022, 2023, and 2024).
- The phantom shares vest in equal installments over three years and are payable in cash.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for individuals with insider access to publicly traded companies, providing transparency into their transactions.
Key Dates
| Date | Description |
|---|---|
| 01/31/2022 | 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. |
| 02/02/2022 | Date of Form 4 filing reporting phantom shares granted on January 31, 2022. |
| 01/31/2023 | 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. |
| 02/02/2023 | Date of Form 4 filing reporting phantom shares granted on January 31, 2023. |
| 01/31/2024 | 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. |
| 02/02/2024 | Date of Form 4 filing reporting phantom shares granted on January 31, 2024. |
| 01/31/2025 | Date of the reported transactions: acquisition/disposition of common stock and phantom shares. |
| 02/04/2025 | Date of the Form 4 filing. |
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