Portfolio manager at BSTZ (NYSE: BSTZ) reports trades in 15,580 shares
Rhea-AI Filing Summary
BlackRock Science & Technology Term Trust (BSTZ) portfolio manager Tony Kim reported a mix of phantom share awards, conversions and a stock sale. On January 30, 2026, he received 20,534.0483 phantom shares, each economically equivalent to one common share and payable in cash as they vest over three years.
On the same date, 9,845.5493 and 5,734.6195 phantom shares were converted into the same number of common shares. Kim then sold 15,580.1688 common shares at $22.38 per share, leaving him with 208,712 common shares held directly after the sale.
Positive
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Negative
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Insights
Routine mix of phantom share grants, vesting and a modest stock sale.
The activity centers on compensation-related instruments. Tony Kim received 20,534.0483 phantom shares on January 30, 2026, plus conversions of earlier phantom awards into the same number of common shares. Phantom shares mirror common stock value but are settled in cash on vesting.
He then sold 15,580.1688 common shares at $22.38, while remaining directly holding 208,712 common shares afterwards. The filing reflects ongoing vesting and partial monetization of awards, typical for an investment professional, and does not by itself signal a change in the BSTZ investment thesis.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Phantom Shares | 20,534.048 | $22.38 | $460K |
| Exercise | Phantom Shares | 9,845.549 | $0.00 | -- |
| Exercise | Phantom Shares | 5,734.62 | $0.00 | -- |
| Exercise | Common Stock | 15,580.169 | $0.00 | -- |
| Disposition | Common Stock | 15,580.169 | $22.38 | $349K |
Footnotes (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. 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. 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. These phantom shares vest in equal installments on each of the first three anniversaries of the award.