Form 4: BlackRock MuniYield Fund Portfolio Manager Reports Stock Transaction
SEC Form 4 Filing
Phillip Soccio, a Portfolio Manager at BlackRock MuniYield Fund, reported a transaction involving common stock on January 31, 2025.
Summary
- On January 31, 2025, Phillip Soccio, a Portfolio Manager at BlackRock MuniYield Fund, reported a transaction involving the company's common stock.
- The transaction involved phantom shares, which are economic equivalents of common stock and payable in cash upon vesting.
- The reporting person acquired 41.6908 shares of common stock.
- The reporting person disposed of 41.6908 shares of common stock at a price of $10.68.
- The phantom shares were granted on January 31, 2023, and vest in equal installments over three years.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is considered neutral.
Industry Context
This filing is a routine disclosure of a transaction by a company insider, as required by the SEC. It provides transparency into the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 01/31/2023 | Phantom shares were granted to the Reporting Person. |
| 02/02/2023 | Previous Form 4 filing regarding phantom shares. |
| 01/31/2025 | Date of the reported transaction involving common stock and phantom shares. |
| 02/04/2025 | Date of signature for the report. |
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