Form 4: BlackRock Floating Rate Income Trust: Portfolio Manager's Transaction in Phantom Shares

Carly Wilson, a Portfolio Manager at BlackRock Floating Rate Income Trust, reports transactions involving phantom shares, including acquisition and disposal, with vesting occurring over three years.

Summary

• On January 31, 2025, Carly Wilson, a Portfolio Manager at BlackRock Floating Rate Income Trust, engaged in transactions involving the company's common stock and phantom shares.
• Wilson acquired 1,007.9615 common stock shares and disposed of 1,007.9615 common stock shares at a price of $12.74.
• Additionally, Wilson acquired 2,428.9639 phantom shares and disposed of 1,007.9615 phantom shares.
• Following these transactions, Wilson directly owns 0 shares of common stock and 2,015.9229 phantom shares.
• 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 related to phantom shares, which are part of the executive compensation plan. It doesn't inherently indicate positive or negative sentiment.

Future Outlook

The phantom shares vest in equal installments on each of the first three anniversaries of the award, implying continued transactions and reporting in the future.

Industry Context

Form 4 filings are a standard part of regulatory compliance for individuals with beneficial ownership in publicly traded companies, providing transparency into insider transactions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the nature of phantom shares and their relation to executive compensation.
• Employees holding phantom shares will be impacted as the shares vest over time.

Next Steps

• Continued monitoring of vesting schedules and subsequent Form 4 filings.
• Further vesting of phantom shares on the anniversaries of the grant date.

Key Dates