Form 4: BlackRock Investment Quality Municipal Trust Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Walter O'Connor, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, acquired phantom shares on January 31, 2025.
Summary
- Walter O'Connor, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, Inc. (BKN), acquired phantom shares on January 31, 2025.
- The transaction involved the acquisition of 533.0722 phantom shares at a price of $11.49 per share.
- Following the transaction, O'Connor directly owns 533.0722 phantom shares.
- These phantom shares vest in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing a transaction by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. This filing indicates a change in beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of phantom shares |
| 02/04/2025 | Date of signature on the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.