Form 4: BlackRock Investment Quality Municipal Trust: Portfolio Manager Acquires Phantom Shares
SEC Form 4 Filing
Christian Romaglino, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, acquired phantom shares equivalent to 321.4752 shares of common stock on January 31, 2025.
Summary
- On January 31, 2025, Christian Romaglino, a Portfolio Manager at BlackRock Investment Quality Municipal Trust, acquired phantom shares.
- The acquisition involved 321.4752 phantom shares, each equivalent to one share of common stock.
- The price per phantom share was $11.49.
- These phantom shares vest in equal installments over the first three anniversaries of the award.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing the acquisition of phantom shares by a portfolio manager. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The acquisition of phantom shares by a portfolio manager aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Christian Romaglino acquired phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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