Form 4: BlackRock Taxable Municipal Bond Trust: Portfolio Manager Reports Transaction in Phantom Shares
SEC Form 4 Filing
Kevin Maloney, a Portfolio Manager at BlackRock Taxable Municipal Bond Trust, reports a transaction involving phantom shares of common stock.
Summary
- On January 31, 2025, Kevin Maloney, a Portfolio Manager at BlackRock Taxable Municipal Bond Trust (BBN), reported a transaction involving common stock.
- The transaction involved the acquisition and disposal of phantom shares, which are economic equivalents of common stock shares payable in cash upon vesting.
- Maloney acquired 1,020.8711 phantom shares and disposed of 49.1051 phantom shares.
- The price of the disposed common stock was $16.53.
- Following the reported transactions, Maloney beneficially owns 98.2102 phantom shares.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral. It simply reports transactions by a portfolio manager.
Industry Context
Form 4 filings are a routine part of regulatory compliance for individuals with insider access to publicly traded companies, providing transparency into their transactions and holdings.
Key Dates
| Date | Description |
|---|---|
| 02/02/2024 | Date of previously reported Form 4 regarding phantom shares granted on January 31, 2024. |
| 01/31/2024 | Date the Reporting Person was granted phantom shares payable in cash on vesting. |
| 01/31/2025 | Date of the reported transaction involving acquisition and disposal of phantom shares. |
| 02/04/2025 | Date of signature for the Form 4 filing. |
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