Form 4: BlackRock Municipal Income Trust: Portfolio Manager Walter O'Connor Reports Stock Transactions
SEC Form 4 Filing
Portfolio Manager Walter O'Connor reports the vesting and disposal of phantom shares of BlackRock Municipal Income Trust on January 31, 2025, resulting in no direct ownership of common stock.
Summary
- Walter O'Connor, a Portfolio Manager at BlackRock Municipal Income Trust, reported transactions involving phantom shares on January 31, 2025.
- The transactions involved the vesting of 161.4241 phantom shares, which are economically equivalent to shares of common stock.
- These phantom shares were granted on January 31, 2023, and vest in equal installments over three years.
- Upon vesting, the phantom shares are payable in cash.
- Following these transactions, O'Connor directly owns zero shares of common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to the vesting of phantom shares, so the sentiment is neutral.
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 |
|---|---|
| January 31, 2023 | Date phantom shares were granted to Walter O'Connor. |
| February 2, 2023 | Date of previously reported Form 4 regarding the grant of phantom shares. |
| January 31, 2025 | Date of the reported transaction involving the vesting and disposal of phantom shares. |
| February 4, 2025 | Date of signature on the Form 4 filing. |
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