Form 4: BlackRock Utilities, Infrastructure & Power Opportunities Trust: Portfolio Manager's Transactions in Phantom Shares
SEC Form 4 Filing
Christopher Accettella, a Portfolio Manager at BlackRock Utilities, Infrastructure & Power Opportunities Trust, reports transactions involving phantom shares, including vesting and disposal, on January 31, 2025.
Summary
- On January 31, 2025, Christopher Accettella, a Portfolio Manager at BlackRock Utilities, Infrastructure & Power Opportunities Trust, engaged in transactions involving the company's common stock and phantom shares.
- Accettella disposed of 385.2308 shares of common stock at a price of $23.4.
- He also acquired 304.4872 phantom shares.
- Additionally, Accettella disposed of phantom shares previously granted on January 31 of 2022, 2023 and 2024.
- The phantom shares vest in equal installments on each of the first three anniversaries of the award and are payable in cash.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing transactions of a company insider. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as officers and directors, ensuring fair market practices.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership of the reporting person.
Key Dates
| Date | Description |
|---|---|
| 02/02/2022 | Previous Form 4 filing reporting phantom shares granted on January 31, 2022. |
| 02/02/2023 | Previous Form 4 filing reporting phantom shares granted on January 31, 2023. |
| 02/02/2024 | Previous Form 4 filing reporting phantom shares granted on January 31, 2024. |
| 01/31/2025 | Date of the reported transactions: disposal of common stock and phantom shares, acquisition of phantom shares. |
| 02/04/2025 | Date of the Form 4 filing. |
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