Kim Tony 4
4 · BlackRock Technology & Private Equity Term Trust · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BTX Portfolio Manager Kim Tony Receives Phantom Share Award
What Happened
Kim Tony, a portfolio manager at BlackRock Technology & Private Equity Term Trust (BTX), was granted 29,270.828 phantom shares on 2026-01-30. The award is reported at a unit value of $7.85, for a total economic value of $229,776. This was an award/grant (derivative-based), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-30; Filing date: 2026-02-03 (appears timely under Form 4 rules).
- Transaction type/code: Award/Grant (A); derivative instrument (phantom shares).
- Units granted: 29,270.828 phantom shares at $7.85 per unit; total reported value $229,776.
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 — phantom share equals economic equivalent of one common share and becomes payable in cash when vested; F2 — these phantom shares vest in equal installments on each of the first three anniversaries of the award.
Context
Phantom share awards are cash-settled and do not immediately create actual common-stock ownership or require an open-market purchase. Because vesting occurs over three years (equal installments), any cash payout will depend on future vesting and the reference value at payout. As an award (not a purchase or sale), this transaction is more a compensation action than a direct insider market signal.
Insider Transaction Report
- Award
Phantom Shares
[F1][F2]2026-01-30$7.85/sh+29,270.828$229,776→ 29,270.828 total→ Common Stock (29,270.828 underlying)
Footnotes (2)
- [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]These phantom shares vest in equal installments on each of the first three anniversaries of the award.