Form 4: BlackRock Science & Technology Trust: Portfolio Manager Reports Stock Transactions
SEC Form 4 Filing
Portfolio Manager Steven Reid Menge reports acquisition and disposal of common stock and phantom shares in BlackRock Science & Technology Trust on January 31, 2025.
Summary
- Steven Reid Menge, a Portfolio Manager at BlackRock Science & Technology Trust, filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on January 31, 2025.
- Menge acquired 952.9658 shares of common stock.
- Menge disposed of 952.9658 shares of common stock at a price of $37.86.
- Menge also acquired 580.0317 phantom shares.
- Menge disposed of phantom shares related to grants from 2022, 2023 and 2024.
- The phantom shares are the economic equivalent of one share of common stock and become payable in cash upon vesting.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a portfolio manager. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with significant holdings or positions in publicly traded companies, providing transparency into their transactions.
Comparison to Industry Standards
- Form 4 filings are standard practice across the industry for reporting insider transactions.
- The vesting schedules for phantom shares are typical compensation structures used by many companies, including competitors of BlackRock Science & Technology Trust.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| January 31, 2022 | Date of phantom share grant, vesting in equal installments over three years. |
| February 2, 2022 | Form 4 filing date related to January 31, 2022 phantom share grant. |
| January 31, 2023 | Date of phantom share grant, vesting in equal installments over three years. |
| February 2, 2023 | Form 4 filing date related to January 31, 2023 phantom share grant. |
| January 31, 2024 | Date of phantom share grant, vesting in equal installments over three years. |
| February 2, 2024 | Form 4 filing date related to January 31, 2024 phantom share grant. |
| January 31, 2025 | Date of common stock and phantom share transactions. |
| February 4, 2025 | Date of Form 4 filing. |
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