Form 4: BlackRock Executive Reports Changes in Beneficial Ownership of BIGZ
SEC Form 4 Filing
Christopher Accettella, a Portfolio Manager at BlackRock, reports transactions involving common stock and phantom shares of BlackRock Innovation & Growth Term Trust (BIGZ) on January 31, 2025.
Summary
- On January 31, 2025, Christopher Accettella, a Portfolio Manager at BlackRock, engaged in transactions involving BlackRock Innovation & Growth Term Trust (BIGZ) securities.
- These transactions included the acquisition and disposal of common stock and phantom shares.
- Accettella acquired 342.4915 shares of common stock.
- Accettella disposed of 342.4915 shares of common stock at a price of $8.2.
- Accettella also acquired 868.9024 phantom shares, which are the economic equivalent of common stock and payable in cash upon vesting.
- Additionally, 342.4915 phantom shares were converted to cash.
- The phantom shares vest in equal installments on the first three anniversaries of the award date.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure required by the SEC for individuals holding significant positions in publicly traded companies. It provides transparency into the transactions of company insiders.
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. |
| 01/31/2025 | Date of the reported transactions: acquisition and disposal of common stock and phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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