Form 4: BlackRock Health Sciences Term Trust: Portfolio Manager Accettella Reports Transaction
SEC Form 4 Filing
Christopher Accettella, a Portfolio Manager at BlackRock Health Sciences Term Trust, reports a transaction involving common stock and phantom shares on January 31, 2025.
Summary
- On January 31, 2025, Christopher Accettella, a Portfolio Manager at BlackRock Health Sciences Term Trust, engaged in transactions involving the company's common stock and phantom shares.
- Accettella acquired 168.2123 shares of common stock and disposed of 168.2123 shares at a price of $16.49.
- Following these transactions, Accettella directly owns 4,509.12 shares of common stock.
- Accettella also acquired 432.08 phantom shares and disposed of 168.2123 phantom shares, leaving a balance of 336.4245 phantom shares.
- The phantom shares are the economic equivalent of common stock and become payable in cash upon vesting in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
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, payable in cash on vesting. |
| 01/31/2025 | Date of the reported transactions involving common stock and phantom shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, BlackRock Health Sciences Term Trust, BMEZ, Christopher Accettella, Portfolio Manager, Common Stock, Phantom Shares, Beneficial Ownership, Transaction
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