BOE manager logs phantom share grant, stock sale
BlackRock Enhanced Global Dividend Trust portfolio manager Kyle McClements reported a mix of phantom share awards, conversions, and a common stock sale.
Rhea-AI Filing Summary
BlackRock Enhanced Global Dividend Trust portfolio manager Kyle McClements reported a mix of phantom share awards, conversions, and a common stock sale. On January 30, 2026, he was granted 1,452.3529 phantom shares, each economically equivalent to one share of common stock and payable in cash after vesting in installments over three years.
On the same date, previously granted phantom shares vested and were converted into common stock through multiple transactions, and 2,682.1405 shares of common stock were sold at $11.90 per share. Following these transactions, he directly owned 2,081.848 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Shares | 1,452.3529 | $11.90 | $17K |
| Exercise | Phantom Shares | 1,037.8772 | $0.00 | $0.00 |
| Exercise | Phantom Shares | 987.3838 | $0.00 | $0.00 |
| Exercise | Phantom Shares | 656.8794 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,682.1405 | $0.00 | $0.00 |
| Disposition | Common Stock | 2,682.1405 | $11.90 | $32K |
Footnotes (5)
- 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.
- 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.
- 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.
- F4. As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
- F5. These phantom shares vest in equal installments on each of the first three anniversaries of the award.
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