Form 4: BlackRock Science & Technology Trust: Portfolio Manager Tony Kim Reports Transactions in Common Stock and Phantom Shares
SEC Form 4 Filing
Portfolio Manager Tony Kim reports acquisition and disposal of BlackRock Science & Technology Trust common stock and phantom shares on January 31, 2025.
Summary
- On January 31, 2025, Tony Kim, a Portfolio Manager at BlackRock Science & Technology Trust, engaged in transactions involving common stock and phantom shares of the company.
- Kim acquired 19,079.5525 shares of common stock.
- Kim disposed of 19,079.5525 shares of common stock at a price of $37.86.
- Kim acquired 4,822.4459 phantom shares, which are the economic equivalent of common stock and payable in cash upon vesting.
- Kim also had phantom shares vest from grants in 2022, 2023 and 2024.
- Following these transactions, Kim directly owns 7,250 shares of common stock and varying amounts of phantom shares from different grant dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a standard regulatory filing reporting transactions by a company insider. There is no inherent positive or negative implication.
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 Science & Technology Trust.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies and their insiders.
- The reporting requirements are governed by Section 16(a) of the Securities Exchange Act of 1934.
- Similar filings are made by insiders at companies like Blackstone, KKR, and Apollo Global Management when they trade their respective company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders by providing insight into management's trading activity.
- The filing ensures transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| January 31, 2022 | Date of previous phantom share grant, vesting in equal installments over three years. |
| January 31, 2023 | Date of previous phantom share grant, vesting in equal installments over three years. |
| January 31, 2024 | Date of previous phantom share grant, vesting in equal installments over three years. |
| January 31, 2025 | Date of reported transactions: acquisition and disposal of common stock and acquisition of phantom shares. |
| February 02, 2022 | Date of previous Form 4 filing regarding phantom shares. |
| February 02, 2023 | Date of previous Form 4 filing regarding phantom shares. |
| February 02, 2024 | Date of previous Form 4 filing regarding phantom shares. |
| February 04, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, BlackRock Science & Technology Trust, BST, Tony Kim, Portfolio Manager, Common Stock, Phantom Shares, Beneficial Ownership, SEC Filing
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