BlackRock Floating Rate PM logs phantom share moves

BlackRock Floating Rate Income Trust portfolio manager Carly Wilson reported several compensation-related transactions involving common stock and phantom shares.

Rhea-AI Filing Summary

BlackRock Floating Rate Income Trust portfolio manager Carly Wilson reported several compensation-related transactions involving common stock and phantom shares. On January 30, 2026, Wilson exercised phantom share awards into 2,045.9717 common shares and then disposed of the same number of common shares at $11.45 per share, leaving no common stock directly held.

On the same date, Wilson was credited with a new grant of 2,967.2489 phantom shares at a reference value of $11.45. Footnotes explain that each phantom share is the economic equivalent of one common share but is payable in cash, not stock, and vests in equal installments over three years based on earlier and current award grant dates.

Insider Trade Summary

2,045.9717 shares exercised/converted

Exercise 5 txns

Insider Wilson Carly

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	2,967.2489	$11.45	$34K
Exercise	Phantom Shares	911.3753	$0.00	$0.00
Exercise	Phantom Shares	1,134.5964	$0.00	$0.00
Exercise	Common Stock	2,045.9717	$0.00	$0.00
Disposition	Common Stock	2,045.9717	$11.45	$23K

Holdings After Transaction: Phantom Shares — 5,924.5959 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (4)

1. F1. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
2. F2. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
3. F3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
4. F4. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider activity did Carly Wilson report for BLACKROCK FLOATING RATE INCOME TRUST (BGT)?

Carly Wilson reported exercising phantom share awards into 2,045.9717 common shares and selling those 2,045.9717 shares at $11.45 on January 30, 2026. The filing also shows a new grant of 2,967.2489 phantom shares tied to the same reference price.

Who is Carly Wilson in relation to BLACKROCK FLOATING RATE INCOME TRUST (BGT)?

Carly Wilson is identified as a portfolio manager for BlackRock Floating Rate Income Trust. The Form 4 shows Wilson is not listed as a director, officer, or 10% owner, but reports transactions as an insider due to this portfolio management role with the fund.

What are phantom shares in the BGT Form 4 filing for Carly Wilson?

Phantom shares are described as the economic equivalent of one share of common stock and become payable in cash after vesting. They do not deliver actual shares but track the common stock’s value, vesting in equal annual installments over three years from each award grant date.

What new phantom share award did Carly Wilson receive in this BGT filing?

On January 30, 2026, Carly Wilson was credited with 2,967.2489 phantom shares at a reference value of $11.45. Footnotes state these phantom shares vest in three equal installments on each of the first three anniversaries of the award grant date.

How did Carly Wilson’s common stock holdings in BGT change on January 30, 2026?

Wilson acquired 2,045.9717 common shares through the exercise of phantom shares and then disposed of the same 2,045.9717 shares at $11.45 each. After these transactions, the Form 4 shows zero common shares beneficially owned directly.

What earlier phantom share grants are referenced in Carly Wilson’s BGT Form 4?

Footnotes reference phantom share grants made on January 31, 2024 and January 31, 2025, both previously reported on earlier Forms 4. Those awards are payable in cash and vest in equal installments over three years from their respective grant dates.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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Accepted by SEC EDGAR 02/03/2026 - 05:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Wilson Carly

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BLACKROCK FLOATING RATE INCOME TRUST [ BGT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Portfolio Manager

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	01/30/2026		M		2,045.9717	A	(1)(2)(3)	2,045.9717	D
Common Stock	01/30/2026		D		2,045.9717	D	$11.45(1)(2)(3)	0.0000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)(4)	01/30/2026		A		2,967.2489		(1)(4)	(1)(4)	Common Stock	2,967.2489	$11.45	2,967.2489	D
Phantom Shares	(1)(2)	01/30/2026		M			911.3753	(1)(2)	(1)(2)	Common Stock	911.3753	(1)(2)	1,822.7506	D
Phantom Shares	(1)(3)	01/30/2026		M			1,134.5964	(1)(3)	(1)(3)	Common Stock	1,134.5964	(1)(3)	1,134.5964	D

Explanation of Responses:

1. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.

2. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

4. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

	/s/ Gladys Chang as Attorney-in-Fact	02/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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