BTA.Blackrock Long-term Municipal Advantage Trust

Form 4: BlackRock Portfolio Manager Reports Stock Transaction

Sentiment:

SEC Filing

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Phillip Soccio, a Portfolio Manager at BlackRock Long-Term Municipal Advantage Trust, reports a transaction involving common stock and phantom shares on January 31, 2025.

Summary

  • Phillip Soccio, a Portfolio Manager at BlackRock Long-Term Municipal Advantage Trust (BTA), filed a Form 4 with the SEC.
  • The form reports a transaction that occurred on January 31, 2025.
  • The transaction involved common stock and phantom shares.
  • Soccio acquired 46.5717 shares of common stock and disposed of 46.5717 shares of common stock at a price of $9.89.
  • The transaction also involved phantom shares, which are the economic equivalent of one share of common stock and payable in cash upon vesting.
  • The phantom shares were granted on January 31, 2023, and vest in equal installments over three years.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

This filing is a routine disclosure of a transaction by a company insider, as required by SEC regulations. It provides transparency into the trading activities of individuals with access to non-public information.

Stakeholder Impact

  • The transaction has a minimal direct impact on stakeholders, as it is a relatively small transaction by a portfolio manager.

Key Dates

DateDescription
January 31, 2023Reporting Person was granted phantom shares payable in cash on vesting.
February 2, 2023Date of previously reported Form 4.
January 31, 2025Date of transaction involving common stock and phantom shares.
February 4, 2025Date of signature on the Form 4.

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