Form 4: BlackRock Floating Rate Income Strategies Fund: Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Mitchell Garfin, a Portfolio Manager at BlackRock Floating Rate Income Strategies Fund, acquired phantom shares equivalent to 8,025.1142 shares of common stock on January 31, 2025.
Summary
- On January 31, 2025, Mitchell Garfin, a Portfolio Manager at BlackRock Floating Rate Income Strategies Fund, acquired phantom shares.
- The acquisition involved 8,025.1142 phantom shares, each representing the economic equivalent of one share of common stock.
- These phantom shares vest in equal installments over the first three anniversaries of the award and are payable in cash.
- Following the transaction, Mr. Garfin directly owns 8,025.1142 phantom shares.
- The price per share for the transaction was $13.14.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as officers and directors. This filing indicates a portfolio manager's acquisition of phantom shares, which is a form of equity compensation.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Mitchell Garfin acquired phantom shares. |
| 02/04/2025 | Date of filing: Form 4 filing date. |
Keywords
Form 4, BlackRock Floating Rate Income Strategies Fund, FRA, Mitchell Garfin, Portfolio Manager, Phantom Shares, Beneficial Ownership, SEC Filing
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.