BBN.NYSEBlackrock Taxable Municipal Bond Trust

Form 4: BlackRock Portfolio Manager Walter O'Connor Reports Changes in Beneficial Ownership of BBN

Sentiment:

SEC Form 4 Filing

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Portfolio Manager Walter O'Connor reports transactions involving BlackRock Taxable Municipal Bond Trust (BBN) common stock and phantom shares.

Summary

  • Walter O'Connor, a Portfolio Manager at BlackRock, filed a Form 4 detailing changes in his beneficial ownership of BlackRock Taxable Municipal Bond Trust (BBN) securities.
  • On January 31, 2025, O'Connor acquired 370.5384 phantom shares and disposed of 103.5189 phantom shares.
  • He also disposed of 103.5189 shares of common stock at a price of $16.53.
  • Following these transactions, O'Connor directly owns 0 shares of common stock and 207.0378 phantom shares.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This 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 filing provides transparency to shareholders regarding insider transactions.

Key Dates

DateDescription
02/02/2024Date of previously reported Form 4 regarding phantom shares granted on January 31, 2024.
01/31/2024Date phantom shares were granted, vesting in equal installments on each of the first three anniversaries of the grant date.
01/31/2025Date of the reported transactions: acquisition and disposal of phantom shares, and disposal of common stock.
02/04/2025Date of signature on the Form 4 filing.

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