Form 4: BlackRock Executive Kyle McClements Reports Stock Transactions
SEC Form 4 Filing
Portfolio Manager Kyle McClements reports transactions involving BlackRock Enhanced International Dividend Trust (BGY) common stock and phantom shares.
Summary
- On January 31, 2025, Kyle McClements, a Portfolio Manager at BlackRock Enhanced International Dividend Trust (BGY), engaged in transactions involving common stock and phantom shares.
- McClements acquired 3,333.7894 shares of common stock.
- McClements disposed of 3,333.7894 shares of common stock at a price of $5.53.
- Following these transactions, McClements directly owns 3,453 shares of common stock.
- McClements also had transactions involving phantom shares, which are the economic equivalent of one share of common stock and payable in cash upon vesting.
- 1,143.9635 phantom shares were involved in a transaction related to a grant from January 31, 2023.
- 2,189.8259 phantom shares were involved in a transaction related to a grant from January 31, 2022.
- Following these transactions, McClements directly owns 1,143.9635 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key employee.
Key Dates
| Date | Description |
|---|---|
| February 2, 2023 | Date of a previously reported Form 4 regarding phantom shares granted on January 31, 2023. |
| January 31, 2022 | Date of a phantom share grant, payable in cash on vesting. |
| February 3, 2022 | Date of a previously reported Form 4 regarding phantom shares granted on January 31, 2022. |
| January 31, 2023 | Date of a phantom share grant, payable in cash on vesting. |
| January 31, 2025 | Date of the reported transactions involving common stock and phantom shares. |
| February 4, 2025 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, BlackRock, BGY, Kyle McClements, Stock Transactions, Phantom Shares, Beneficial Ownership, Portfolio Manager
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