Form 4: BlackRock Investment Quality Municipal Trust, Inc.: Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Michael Kalinoski, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, Inc., acquired phantom shares on January 31, 2025, according to a Form 4 filing.
Summary
- Michael Kalinoski, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, Inc. (BKN), filed a Form 4 indicating a change in beneficial ownership.
- The transaction involved the acquisition of 174.0644 phantom shares of common stock on January 31, 2025, at a price of $11.49 per share.
- These phantom shares are the economic equivalent of one share of common stock and will be payable in cash upon vesting.
- The phantom shares vest 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 a routine part of insider trading regulations, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: acquisition of phantom shares |
| 02/04/2025 | Date of Form 4 filing |
Keywords
Form 4, BlackRock Investment Quality Municipal Trust, Inc., BKN, Michael Kalinoski, Phantom Shares, Beneficial Ownership, Portfolio Manager
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