Form 4: BlackRock Portfolio Manager Reports Stock and Phantom Share Transactions
SEC Form 4 Filing
Lindsay Victoria Sinclair, a Portfolio Manager at BlackRock Utilities, Infrastructure & Power Opportunities Trust, reports transactions involving common stock and phantom shares.
Summary
- On January 31, 2025, Lindsay Victoria Sinclair, a Portfolio Manager at BlackRock Utilities, Infrastructure & Power Opportunities Trust, reported transactions involving the company's common stock and phantom shares.
- The transactions included the acquisition and disposition of common stock, as well as the acquisition and vesting of phantom shares.
- Specifically, 114.4347 phantom shares vested and were converted to cash, while 200.3205 phantom shares were acquired.
- The price of the common stock in one transaction was $23.4.
- Following these transactions, Ms. Sinclair directly owns 0 shares of common stock and 200.3205 phantom shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing transactions by a portfolio manager; it doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of transactions by an insider, providing transparency to investors regarding the actions of key personnel at BlackRock Utilities, Infrastructure & Power Opportunities Trust.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
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 phantom shares were granted, vesting in equal installments on each of the first three anniversaries of the grant date. |
| 01/31/2025 | Date of the reported transactions: vesting of phantom shares and acquisition of new phantom shares. |
| 02/04/2025 | Date of signature on the Form 4 filing. |
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