Form 4: BlackRock MuniYield Fund Portfolio Manager Walter O'Connor Reports Changes in Beneficial Ownership
SEC Form 4
Walter O'Connor, a Portfolio Manager at BlackRock MuniYield Fund, reports transactions involving common stock and phantom shares, including acquisitions and disposals, as detailed in a Form 4 filing.
Summary
- On January 31, 2025, Walter O'Connor, a Portfolio Manager at BlackRock MuniYield Fund, engaged in transactions involving the company's common stock and phantom shares.
- These transactions included the acquisition of 314.2354 shares of common stock and the disposal of 314.2354 shares at a price of $10.68.
- O'Connor also reported transactions involving phantom shares, including acquisitions of 573.5019 phantom shares and disposals of 160.9197 and 153.3157 phantom shares.
- Following these transactions, O'Connor directly owns 100 shares of common stock and holds 321.8393 phantom shares.
- The phantom shares vest in equal installments on each of the first three anniversaries of the award and are payable in cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing changes in beneficial ownership, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key employee.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| 01/31/2024 | Phantom shares granted on January 31, 2024, vesting in equal installments over three years. |
| 02/02/2024 | Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| 01/31/2025 | Date of reported transactions involving common stock and phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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