Form 4: BlackRock Multi-Sector Income Trust Portfolio Manager Akiva Dickstein Reports Transactions in Company Stock and Phantom Shares

Portfolio Manager Akiva Dickstein reports transactions involving BlackRock Multi-Sector Income Trust stock and phantom shares, including acquisitions and disposals.

Summary

• Akiva Dickstein, a Portfolio Manager at BlackRock Multi-Sector Income Trust, filed a Form 4 detailing changes in beneficial ownership.
• On January 31, 2025, Dickstein acquired 2,022.7686 shares of common stock.
• On the same day, Dickstein disposed of 2,022.7686 shares of common stock at a price of $14.77.
• Dickstein also acquired 4,055.1794 phantom shares.
• Additionally, Dickstein disposed of 979.0756 phantom shares and 1,043.693 phantom shares.
• Following these transactions, Dickstein directly owns 500 shares of common stock and varying amounts of phantom shares.
• The phantom shares vest in equal installments over three years and are payable in cash.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure required by the SEC for individuals with insider access to company information, ensuring transparency in the market.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders and are comparable across all publicly traded companies.
• The vesting schedule of the phantom shares (equal installments over three years) is a common practice in executive compensation.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the changes in insider ownership.
• The vesting of phantom shares impacts the portfolio manager's compensation.

Key Dates

Keywords

Form 4, BlackRock Multi-Sector Income Trust, Akiva Dickstein, Portfolio Manager, Common Stock, Phantom Shares, Beneficial Ownership, Transaction