Form 4: BlackRock Health Sciences Trust Portfolio Manager Reports Transactions in Company Stock and Phantom Shares
SEC Form 4 Filing
Kyle McClements, a Portfolio Manager at BlackRock Health Sciences Trust, reports transactions involving common stock and phantom shares, including acquisitions, disposals, and vesting of phantom shares.
Summary
- On January 31, 2025, Kyle McClements, a Portfolio Manager at BlackRock Health Sciences Trust, engaged in transactions involving the company's common stock and phantom shares.
- McClements acquired 641.4377 shares of common stock and disposed of 641.4377 shares at a price of $40.92.
- He also acquired 786.2903 phantom shares, which are the economic equivalent of common stock and payable in cash upon vesting.
- Additionally, phantom shares granted in previous years (2022, 2023, and 2024) vested on January 31, 2025, resulting in the payout of cash for 215.6367, 141.2239, and 284.577 shares respectively.
- Following these transactions, McClements directly owns 593 shares of common stock and various amounts of phantom shares from different grant dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports transactions without expressing any positive or negative outlook.
Industry Context
This filing is a routine disclosure of transactions by a company insider, which is a common occurrence in the financial industry. It provides transparency into the trading activities of key personnel and their alignment with the company's performance.
Stakeholder Impact
- The transactions may provide stakeholders with insights into the portfolio manager's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 01/31/2022 | Previously reported grant date of phantom shares vesting in equal installments over three years. |
| 02/03/2022 | Date of Form 4 filing reporting phantom share grant on 01/31/2022. |
| 01/31/2023 | Previously reported grant date of phantom shares vesting in equal installments over three years. |
| 02/02/2023 | Date of Form 4 filing reporting phantom share grant on 01/31/2023. |
| 01/31/2024 | Previously reported grant date of phantom shares vesting in equal installments over three years. |
| 02/02/2024 | Date of Form 4 filing reporting phantom share grant on 01/31/2024. |
| 01/31/2025 | Date of reported transactions: acquisition and disposal of common stock, acquisition of phantom shares, and vesting of previously granted phantom shares. |
| 02/04/2025 | Date of Form 4 filing reporting the transactions on 01/31/2025. |
Keywords
Form 4, BlackRock Health Sciences Trust, Kyle McClements, Portfolio Manager, Common Stock, Phantom Shares, Beneficial Ownership, Transaction
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