Form 4: BlackRock TCP Capital Corp. Officer Worrell Acquires Shares
SEC Form 4
August Daniel Worrell, Co-Chief Investment Officer of BlackRock TCP Capital Corp., reports the acquisition of 10,000 shares of common stock.
Summary
- On March 11, 2025, August Daniel Worrell, Co-Chief Investment Officer of BlackRock TCP Capital Corp., acquired 10,000 shares of common stock at a price of $8.0568 per share.
- Following the transaction, Worrell directly owns 33,500 shares of common stock.
- Worrell also indirectly owns 20,402 phantom shares, which are payable in cash upon vesting.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be an indicator of management's confidence in the company's prospects.
Stakeholder Impact
- The transaction could have a minor positive impact on shareholder confidence, as it signals that a company executive is investing in the company's stock.
Key Dates
| Date | Description |
|---|---|
| January 31, 2024 | Reporting Person was granted phantom shares payable in cash upon vesting pursuant to the Issuer's Involuntary Deferred Compensation Plan. |
| March 11, 2025 | Date of transaction: August Daniel Worrell acquired 10,000 shares of common stock. |
| March 13, 2025 | Date of signature on the Form 4 filing. |
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