Mehring Jason 4
4 · BlackRock TCP Capital Corp. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock TCP Capital (TCPC) President Jason Mehring Sells Shares
What Happened
Jason Mehring, President of BlackRock TCP Capital (TCPC), exercised/converted derivative awards and had 5,597.69 shares disposed to the issuer on Jan 30, 2026 for $5.18 per share, generating $28,996. On the same date he was granted/received 2,702.7 derivative phantom shares valued at $5.18 each (total $14,000). The filing also reports conversions/exercises of 4,148.01 and 1,449.68 derivative shares that were recorded as dispositions (no price listed).
Key Details
- Transaction date: 2026-01-30; Form 4 filed 2026-02-03 (timely filing).
- Sale/Disposition: 5,597.69 shares to issuer at $5.18 — proceeds $28,996. (Code D)
- Award/Grant: 2,702.7 derivative phantom shares at $5.18 — reported value $14,000. (Code A)
- Exercise/conversion entries: 4,148.01 and 1,449.68 derivative shares recorded as exercises/conversions (Code M) and shown as dispositions; no per‑share cash price listed for those lines.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes: reporting includes dividend reinvestment in beneficial ownership (F1); the reported derivatives are "phantom shares" — cash‑payable equivalents that vest in installments per prior grants (F2–F5).
Context
The filing shows exercises/conversions of derivative/phantom awards and a disposition back to the issuer (i.e., shares surrendered/settled with the company) rather than an open‑market sale. Phantom shares are cash‑settled awards that vest over time; the filing notes prior phantom grants vest in equal installments over three years. These actions are routine settlement/award transactions and do not necessarily indicate the insider’s view on the company’s stock.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F2][F3][F4][F1]2026-01-30+5,597.69→ 28,306.044 total - Disposition to Issuer
Common Stock
[F2][F3][F4][F1]2026-01-30$5.18/sh−5,597.69$28,996→ 22,708.354 total - Exercise/Conversion
Phantom Shares
[F2][F3]2026-01-30−4,148.01→ 4,148.01 total→ Common Stock (4,148.01 underlying) - Exercise/Conversion
Phantom Shares
[F2][F4]2026-01-30−1,449.68→ 2,899.35 total→ Common Stock (1,449.68 underlying) - Award
Phantom Shares
[F2][F5]2026-01-30$5.18/sh+2,702.7$14,000→ 2,702.7 total→ Common Stock (2,702.7 underlying)
Footnotes (5)
- [F1]Amount of securities beneficially owned includes shares acquired by the Reporting Person pursuant to the Issuer's dividend reinvestment plan.
- [F2]A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
- [F3]The Reporting Person was granted phantom shares on January 31, 2024 payable in cash upon vesting pursuant to the Issuer's Involuntary Deferred Compensation Plan, which occurs in equal installments on each of the first three anniversaries of the grant date.
- [F4]The Reporting Person was granted phantom shares on January 31, 2025 payable in cash upon vesting pursuant to the Issuer's Involuntary Deferred Compensation Plan, 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.