Form 4: BlackRock Investment Quality Municipal Trust: Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Kristi Manidis Santiago, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, acquired phantom shares on January 31, 2025.
Summary
- On January 31, 2025, Kristi Manidis Santiago, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, acquired 143.6031 phantom shares of common stock at a price of $11.49 per share.
- Following the transaction, Ms. Santiago beneficially owns 143.6031 phantom shares directly.
- The phantom shares vest in equal installments on each of the first three anniversaries of the award.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports a transaction. It doesn't inherently indicate positive or negative performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a portfolio manager's increased stake in the company, which could be interpreted as a positive signal.
Stakeholder Impact
- The acquisition of phantom shares by a portfolio manager could be viewed positively by shareholders as it aligns the manager's interests with the company's performance.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Kristi Manidis Santiago acquired phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
phantom shares, Form 4, BlackRock Investment Quality Municipal Trust, BKN, Kristi Manidis Santiago, Portfolio Manager, beneficial ownership, acquisition
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