Form 4: BlackRock Resources & Commodities Strategy Trust: Portfolio Manager McClements Reports Transaction
SEC Form 4 Filing
Portfolio Manager Kyle McClements reports a transaction involving BlackRock Resources & Commodities Strategy Trust [BCX] common stock and phantom shares on January 31, 2025.
Summary
- Kyle McClements, a Portfolio Manager at BlackRock Resources & Commodities Strategy Trust [BCX], filed a Form 4 detailing changes in beneficial ownership.
- On January 31, 2025, McClements acquired 1,921.7509 common stock shares through vesting of phantom shares.
- On the same day, McClements disposed of 1,921.7509 common stock shares at a price of $8.98.
- Following these transactions, McClements directly owns 7,330.85 common stock shares.
- McClements also disposed of 589.529 and 1,332.2218 phantom shares on January 31, 2025, related to grants from January 31, 2023 and January 31, 2022 respectively.
- After the transaction, McClements directly owns 589.529 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for individuals with insider access to publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disclosure of insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2023. |
| 02/03/2022 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2022. |
| 01/31/2022 | Date of grant for phantom shares that vest in equal installments on each of the first three anniversaries of the grant date. |
| 01/31/2023 | Date of grant for phantom shares that vest in equal installments on each of the first three anniversaries of the grant date. |
| 01/31/2025 | Date of transaction involving common stock and phantom shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, BlackRock Resources & Commodities Strategy Trust, BCX, Kyle McClements, Portfolio Manager, Common Stock, Phantom Shares, Transaction
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