Form 4: BlackRock Science & Technology Term Trust: Portfolio Manager Reports Transactions in Common Stock and Phantom Shares
SEC Form 4 Filing
Portfolio Manager Kyle McClements reports acquisition and disposal of common stock and phantom shares in BlackRock Science & Technology Term Trust on January 31, 2025.
Summary
- On January 31, 2025, Kyle McClements, a Portfolio Manager at BlackRock Science & Technology Term Trust, reported transactions involving the company's common stock and phantom shares.
- McClements acquired 1,005.2496 common stock shares.
- McClements disposed of 1,005.2496 common stock shares at a price of $21.17.
- Following these transactions, McClements directly owns 6,770 shares of common stock.
- McClements also reported transactions involving phantom shares, which are the economic equivalent of one share of common stock and payable in cash upon vesting.
- McClements acquired 1,519.8394 phantom shares.
- McClements disposed of 549.0239 and 456.2258 phantom shares.
- After these transactions, McClements directly owns 1,098.0477 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
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 and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of a key company insider.
Key Dates
| Date | Description |
|---|---|
| 01/31/2022 | Reporting Person was granted phantom shares payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| 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. |
| 01/31/2024 | Reporting Person was granted phantom shares 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 transactions involving common stock and phantom shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
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