Form 4: BlackRock Municipal 2030 Target Term Trust: Portfolio Manager Reports Acquisition of Phantom Shares
SEC Filing
Michael Kalinoski, a Portfolio Manager at BlackRock Municipal 2030 Target Term Trust, reports the acquisition of phantom shares on January 31, 2025.
Summary
- Michael Kalinoski, a Portfolio Manager at BlackRock Municipal 2030 Target Term Trust (BTT), filed a Form 4 with the SEC.
- The filing reports the acquisition of phantom shares, which are the economic equivalent of common stock.
- On January 31, 2025, Mr. Kalinoski acquired 95.057 phantom shares at a price of $21.04 per share.
- Following the transaction, Mr. Kalinoski beneficially owns 95.057 phantom shares directly.
- These phantom shares vest in equal installments over the first three anniversaries of the award.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and neither positive nor negative in itself.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of phantom shares |
| 02/04/2025 | Date of signature on the Form 4 filing |
Keywords
Form 4, BlackRock Municipal 2030 Target Term Trust, BTT, Michael Kalinoski, Phantom Shares, Beneficial Ownership, SEC Filing, Portfolio Manager
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