Form 4: BlackRock Multi-Sector Income Trust: Portfolio Manager Samir Lakhani Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Portfolio Manager Samir Lakhani reports transactions involving BlackRock Multi-Sector Income Trust common stock and phantom shares, resulting in adjustments to his beneficial ownership.
Summary
- On January 31, 2025, Samir Lakhani, a Portfolio Manager at BlackRock Multi-Sector Income Trust, reported changes in his beneficial ownership of the company's securities.
- These changes involve transactions in both common stock and phantom shares.
- Lakhani acquired 8,681.8219 shares of common stock and disposed of 8,681.8219 shares at a price of $14.77.
- He also acquired 15,360.5281 phantom shares and disposed of 1,566.163, 1,773.2304 and 5,342.4285 phantom shares.
- The reported transactions adjusted Lakhani's direct ownership to 5,500 shares of common stock and 0 phantom shares.
- The phantom shares vest in equal installments on each of the first three anniversaries of the award and are payable in cash.
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 related to insider trading and is required by the SEC to ensure transparency in the market. It provides information about the transactions of company insiders, allowing investors to monitor their activity and assess their confidence in the company's prospects.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The information disclosed is consistent with regulatory requirements for reporting changes in beneficial ownership.
- Similar filings are made by insiders at companies like PIMCO, DoubleLine, and other investment management firms.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It allows stakeholders to monitor the actions of key personnel and their alignment with the company's interests.
Key Dates
| Date | Description |
|---|---|
| 01/31/2022 | Date of phantom share grant previously reported on Form 4 dated February 3, 2022. |
| 01/31/2023 | Date of phantom share grant previously reported on Form 4 dated February 2, 2023. |
| 01/31/2024 | Date of phantom share grant previously reported on Form 4 dated February 2, 2024. |
| 01/31/2025 | Date of transaction involving common stock and phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
Keywords
beneficial ownership, phantom shares, common stock, BlackRock Multi-Sector Income Trust, Samir Lakhani, Form 4, transactions, portfolio manager
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