Form 4: BlackRock Income Trust Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Nicholas Andrew Kramvis, a Portfolio Manager at BlackRock Income Trust, Inc., acquired 5,594.105 phantom shares of common stock on January 31, 2025.
Summary
- On January 31, 2025, Nicholas Andrew Kramvis, a Portfolio Manager at BlackRock Income Trust, Inc. (BKT), acquired 5,594.105 phantom shares.
- These phantom shares are the economic equivalent of common stock and will be payable in cash upon vesting.
- The acquisition was reported on a Form 4 filing with the SEC on February 4, 2025.
- The price of the common stock was $11.62.
- The phantom shares vest in equal installments over three years.
Sentiment
Score: 5
Explanation: This is a routine filing related to the acquisition of phantom shares by a portfolio manager. It doesn't necessarily indicate a strong positive or negative sentiment, but rather a standard compensation practice.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as officers and directors, offering insights into their confidence in the company's prospects.
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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