Form 4: BlackRock Portfolio Manager Reports Acquisition of Phantom Shares
SEC Filing
David Delbos, a Portfolio Manager at BlackRock Floating Rate Income Strategies Fund, reports acquiring phantom shares equivalent to 18,570.2055 shares of common stock on January 31, 2025.
Summary
- David Delbos, a Portfolio Manager at BlackRock Floating Rate Income Strategies Fund, filed a Form 4 with the SEC.
- The form reports the acquisition of phantom shares, which are the economic equivalent of common stock.
- On January 31, 2025, Delbos acquired 18,570.2055 phantom shares at a price of $13.14 per share.
- These phantom shares vest in equal installments over three years.
Sentiment
Score: 5
Explanation: This is a routine filing related to compensation and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with beneficial ownership in publicly traded companies, providing transparency into their transactions.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of phantom shares |
| 02/04/2025 | Date of Form 4 filing |
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