Form 4: BlackRock Floating Rate Income Strategies Fund: Portfolio Manager Acquires Phantom Shares

Carly Wilson, a Portfolio Manager at BlackRock Floating Rate Income Strategies Fund, acquired phantom shares equivalent to 2,355.0228 shares of common stock on January 31, 2025.

Summary

• On January 31, 2025, Carly Wilson, a Portfolio Manager at BlackRock Floating Rate Income Strategies Fund, acquired 2,355.0228 phantom shares.
• These phantom shares are the economic equivalent of common stock and will be payable in cash upon vesting.
• The phantom shares vest in equal installments over three years from the award date.
• The price of the common stock at the time of the transaction was $13.14 per share.
• Following the transaction, Wilson directly owns 2,355.0228 phantom shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The acquisition of phantom shares aligns the portfolio manager's interests with those of the shareholders.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, as required by the SEC. It provides transparency into the holdings and transactions of key personnel.

Stakeholder Impact

• The acquisition of phantom shares can potentially align the portfolio manager's interests with those of the shareholders.

Key Dates

Keywords

phantom shares, BlackRock, FRA, Portfolio Manager, Carly Wilson, Form 4, beneficial ownership