Wilson Carly 4

What Happened

• Carly Wilson, a portfolio manager at BlackRock Floating Rate Income Trust (BGT), had multiple derivative-related transactions on Jan 30, 2026. She exercised/converted derivative/phantom-share awards totaling 2,045.972 shares that were then disposed to the issuer at $11.45/share for total proceeds of $23,426. At the same time she was granted 2,967.249 phantom shares (a notional value shown as $33,975 at $11.45/share). The filing also records two component conversions of 911.375 and 1,134.596 shares (both marked as derivative exercises/dispositions), which correspond to the 2,045.972-share payout.

Key Details

• Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (timely).
• Sale/proceeds: 2,045.972 shares disposed to the issuer at $11.45 each = $23,426.
• Grant/award: 2,967.249 phantom shares shown at $11.45 = $33,975 (cash-settled award, not issued common stock).
• Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer; A = grant/award.
• Shares owned after transaction: Not specified in the information provided.
• Footnotes: Phantom shares are cash-settled equivalents of common stock and vest in equal installments over the first three anniversaries of the award (see F1–F4). The filing ties these exercises/dispositions to previously reported phantom-share grants (Jan 31, 2024 and Jan 31, 2025).

Context

• These were derivative/phantom-share transactions, not open-market purchases or sales of common stock. The exercised phantom awards appear to have been converted and settled (resulting in a cash disposition to the issuer), while a new phantom-share award was granted that will vest over time. Such filings typically reflect compensation vesting and settlement activity rather than a straightforward market trade signaling sentiment.