Form 4: BlackRock ESG Capital Allocation Term Trust: Portfolio Manager Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Randy William Berkowitz, a Portfolio Manager at BlackRock ESG Capital Allocation Term Trust, reported the acquisition of 1,590.2527 phantom shares on January 31, 2025.
Summary
- On January 31, 2025, Randy William Berkowitz, a Portfolio Manager at BlackRock ESG Capital Allocation Term Trust (ECAT), acquired 1,590.2527 phantom shares of common stock.
- The price of the phantom shares was $16.62.
- Following the transaction, Berkowitz directly owns 1,590.2527 phantom shares.
- These phantom shares vest in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment, but rather reports a transaction.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests between management and shareholders.
Stakeholder Impact
- The acquisition of phantom shares aligns the portfolio manager's interests with those of the shareholders, as the value of the shares is tied to the performance of the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of phantom shares |
| 02/04/2025 | Date of signature on the Form 4 filing |
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