Form 4: BlackRock Municipal 2030 Target Term Trust: Portfolio Manager Soccio Phillip Reports Transactions
SEC Form 4 Filing
Portfolio Manager Phillip Soccio reports transactions involving BlackRock Municipal 2030 Target Term Trust (BTT) common stock and phantom shares.
Summary
- Phillip Soccio, a Portfolio Manager at BlackRock Municipal 2030 Target Term Trust (BTT), filed a Form 4 detailing changes in beneficial ownership.
- On January 31, 2025, Soccio acquired 267.8696 shares of common stock and disposed of 267.8696 shares at a price of $21.04.
- Following these transactions, Soccio directly owns 1,730.17 shares of common stock.
- Soccio also reported transactions involving phantom shares, including acquisitions and vesting of previously granted phantom shares.
- These phantom shares are the economic equivalent of common stock and are payable in cash upon vesting, which occurs in equal installments over three years from the grant date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a standard part of regulatory compliance for individuals with significant holdings or positions in publicly traded companies, providing transparency into their transactions.
Key Dates
| Date | Description |
|---|---|
| January 31, 2022 | Grant date of phantom shares vesting in equal installments over three years. |
| January 31, 2023 | Grant date of phantom shares vesting in equal installments over three years. |
| January 31, 2024 | Grant date of phantom shares vesting in equal installments over three years. |
| January 31, 2025 | Date of common stock and phantom share transactions. |
| February 2, 2023 | Date of Form 4 filing reporting phantom shares granted on January 31, 2023. |
| February 2, 2024 | Date of Form 4 filing reporting phantom shares granted on January 31, 2024. |
| February 4, 2025 | Date of Form 4 filing. |
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