Form 4: BlackRock Multi-Sector Income Trust: Portfolio Manager Reports Transactions in Phantom Shares
SEC Form 4
Scott MacLellan, a Portfolio Manager at BlackRock Multi-Sector Income Trust, reports transactions involving phantom shares related to common stock.
Summary
- On January 31, 2025, Scott MacLellan, a Portfolio Manager at BlackRock Multi-Sector Income Trust, reported transactions involving common stock and phantom shares.
- These transactions include the acquisition and disposition of phantom shares, which are the economic equivalent of one share of common stock and payable in cash upon vesting.
- The price of the common stock in these transactions is $14.77.
- MacLellan directly owns 267.1515 shares of common stock following the reported transactions.
- The phantom shares vest in equal installments on each of the first three anniversaries of the award date.
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 transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| February 2, 2023 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2023. |
| January 31, 2023 | Date phantom shares were granted, payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| February 2, 2024 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2024. |
| January 31, 2024 | Date phantom shares were granted, payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| January 31, 2025 | Date of the reported transactions involving common stock and phantom shares. |
| February 4, 2025 | Date of signature for the Form 4 filing. |
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