Form 4: BlackRock ESG Capital Allocation Term Trust: Portfolio Manager Reports Transaction in Phantom Shares
SEC Form 4 Filing
Portfolio Manager Russell Jared Koesterich reports a transaction involving phantom shares of BlackRock ESG Capital Allocation Term Trust.
Summary
- On January 31, 2025, Russell Jared Koesterich, a Portfolio Manager at BlackRock ESG Capital Allocation Term Trust, reported a transaction involving common stock and phantom shares.
- Koesterich acquired 1,586.8966 shares of common stock and disposed of 1,586.8966 shares of common stock at a price of $16.62.
- He also acquired 7,623.3454 phantom shares and disposed of 1,586.8966 phantom shares, leaving him with 3,173.7933 phantom shares.
- These phantom shares vest in equal installments on each of the first three anniversaries of the award and are payable in cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Future Outlook
The phantom shares vest in equal installments on each of the first three anniversaries of the award.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2024. |
| 01/31/2024 | Date phantom shares were granted. |
| 01/31/2025 | Date of the reported transaction involving common stock and phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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