Form 4: BlackRock MuniVest Fund: Portfolio Manager Soccio Phillip Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Portfolio Manager Phillip Soccio reports acquiring phantom shares of BlackRock MuniVest Fund, Inc. on January 31, 2025.
Summary
- Phillip Soccio, a Portfolio Manager at BlackRock MuniVest Fund, Inc., filed a Form 4 on February 4, 2025, reporting a transaction.
- The transaction involved the acquisition of 248.2759 phantom shares of common stock on January 31, 2025, at a price of $7.25 per share.
- These phantom shares vest in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's securities.
Stakeholder Impact
- The acquisition of phantom shares by a portfolio manager could be seen as a positive sign by shareholders, indicating confidence in the company's future performance.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date of transaction: Acquisition of phantom shares |
| 02/04/2025 | Date of Form 4 filing |
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