BLW.NYSEBlackrock LTD Duration Income Trust

Form 4: BlackRock Ltd Duration Income Trust: Portfolio Manager Reports Phantom Share Transactions

Sentiment:

SEC Form 4 Filing

📋All filings for Blackrock LTD Duration Income Trust
🔒Login to Follow

David Delbos, a Portfolio Manager at BlackRock Ltd Duration Income Trust, reports the acquisition and disposal of phantom shares related to a previous grant.

Summary

  • David Delbos, a Portfolio Manager at BlackRock Ltd Duration Income Trust, filed a Form 4 detailing changes in beneficial ownership.
  • The report indicates transactions involving phantom shares, which are economic equivalents of common stock, on January 31, 2025.
  • Delbos acquired 3,255.3439 phantom shares and disposed of 3,255.3439 phantom shares at a price of $14.35.
  • These phantom shares are part of a grant from January 31, 2023, vesting in equal installments over three years and payable in cash.
  • Following the reported transactions, Delbos holds zero common stock and 3,255.3439 phantom shares.

Sentiment

Score: 6

Explanation: The document is a routine filing related to insider transactions. It doesn't contain any particularly positive or negative information, hence a neutral sentiment score.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The filing provides transparency to shareholders regarding insider transactions.

Key Dates

DateDescription
January 31, 2023Date of original phantom share grant, vesting in equal installments over three years.
February 2, 2023Date of previously reported Form 4 regarding the phantom share grant.
January 31, 2025Date of phantom share acquisition and disposal transactions.
February 4, 2025Date of signature for 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.