Form 4: BlackRock Municipal 2030 Target Term Trust: Portfolio Manager Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Walter O'Connor, a Portfolio Manager at BlackRock Municipal 2030 Target Term Trust, reports the acquisition of phantom shares on January 31, 2025.
Summary
- Walter O'Connor, a Portfolio Manager at BlackRock Municipal 2030 Target Term Trust (BTT), filed a Form 4 with the SEC.
- The form reports the acquisition of phantom shares, which are the economic equivalent of common stock, on January 31, 2025.
- O'Connor acquired 291.1122 phantom shares at a price of $21.04 per share.
- These phantom shares vest in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with beneficial ownership in publicly traded companies. This filing indicates a change in ownership by a portfolio manager at BlackRock Municipal 2030 Target Term Trust.
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. |
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