Kraeger Matthew 4

What Happened
Matthew Kraeger, a portfolio manager at BlackRock Income Trust (BKT), reported the vesting/conversion of phantom (cash‑settled) shares on Jan 30, 2026. A grant/award entry shows 4,515.203 phantom shares valued at $11.10 each (total $50,119) was acquired (cash settlement). Simultaneously, 4,081.342 shares were disposed to the issuer at $11.10 for $45,303 (likely surrendered to cover tax withholding), leaving an approximate net cash payout of $4,816 to Kraeger. The filing also lists three related derivative conversions (1,534.528; 1,336.86; 1,209.954 shares) which together equal the 4,081.342 shares surrendered.

Key Details

• Transaction date: January 30, 2026; Filing date: February 3, 2026 (filed within standard two‑business‑day window).
• Prices/values reported: Grant 4,515.203 shares @ $11.10 = $50,119; Disposal to issuer 4,081.342 shares @ $11.10 = $45,303. Several derivative exercise/conversion entries reported without individual prices (N/A).
• Shares owned after transaction: Not specified in the provided report.
• Notable footnotes: Phantom shares are cash‑settled equivalents of common shares and vest subject to schedules (see F1–F5). The reported awards stem from prior annual phantom share grants (Jan 31, 2023–2025) that vest in equal installments over three years.
• Filing timeliness: Report appears timely (filed Feb 3 for Jan 30 transaction).

Context

• These were phantom share vestings (cash‑settled awards), not open‑market stock purchases or public sales. Disposition to the issuer is commonly used to satisfy tax withholding obligations when awards vest and does not necessarily reflect a market sentiment trade.
• Transaction codes: A = award/grant (acquisition of phantom shares), M = exercise/conversion of derivative, D = disposition to issuer (surrendered shares).