Form 4: BlackRock MuniYield Fund Portfolio Manager Reports Transactions in Company Stock and Phantom Shares
SEC Form 4 Filing
Kevin Maloney, a Portfolio Manager at BlackRock MuniYield Fund, reported the acquisition and disposal of common stock and phantom shares on January 31, 2025.
Summary
- On January 31, 2025, Kevin Maloney, a Portfolio Manager at BlackRock MuniYield Fund, reported transactions involving the company's common stock and phantom shares.
- The transactions included the acquisition of 342.1204 common stock shares.
- Maloney also disposed of 342.1204 common stock shares at a price of $10.68.
- Additionally, Maloney acquired 316.0112 phantom shares and disposed of 305.3348 and 36.7856 phantom shares.
- The phantom shares are the economic equivalent of one share of common stock and are payable in cash upon vesting.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.
Industry Context
This filing is a routine disclosure of transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of key personnel at BlackRock MuniYield Fund.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the reporting person.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | Previous Form 4 filing regarding phantom shares granted on January 31, 2023. |
| 02/02/2024 | Previous Form 4 filing regarding phantom shares granted on January 31, 2024. |
| 01/31/2025 | Date of the reported transactions: acquisition and disposal of common stock and phantom shares. |
| 02/04/2025 | Date of the Form 4 filing. |
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