Form 4: ClearBridge Energy Midstream Opportunity Fund Inc. Portfolio Manager Chris Eades Reports Sale of Shares

Sentiment:

SEC Form 4 Filing


Portfolio Manager Chris Eades reported the sale of 23,500 shares of ClearBridge Energy Midstream Opportunity Fund Inc. on October 25, 2024.

Summary

  • Chris Eades, a Portfolio Manager at ClearBridge Energy Midstream Opportunity Fund Inc., reported a transaction involving the company's common stock.
  • On October 25, 2024, Eades sold 23,500 shares at a price of $43.995 per share.
  • Following the transaction, Eades beneficially owns 14,384 shares.
  • These shares are directly owned and include shares acquired from mergers with ClearBridge MLP and Midstream Fund Inc. and ClearBridge MLP and Midstream Total Return Fund Inc.
  • Some shares are jointly owned with a spouse and acquired through the Fund's Dividend Reinvestment Plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing reporting a stock sale by a portfolio manager. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about the transaction.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when an officer or director of a publicly traded company buys or sells the company's stock. It provides transparency to investors regarding insider transactions.

Stakeholder Impact

  • The sale of shares by a portfolio manager could be perceived negatively by some shareholders, as it might suggest a lack of confidence in the company's future performance, although it could also be for personal financial reasons.

Key Dates

DateDescription
10/25/2024Date of transaction: Sale of 23,500 shares.
11/01/2024Date of signature on the report.

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