Phelan Kenneth J 4
Research Summary
AI-generated summary
John Hancock Financial Opportunities (BTO) Director Kenneth Phelan Buys $10K
What Happened
Kenneth J. Phelan, a director of John Hancock Financial Opportunities Fund (ticker: BTO), purchased 269.569 shares on January 26, 2026 in an open market or private purchase. The reported price was $37.10 per share for a total transaction value of approximately $10,001. This filing reports a purchase (transaction code P).
Key Details
- Transaction date: 2026-01-26 (reported on Form 4 filed 2026-01-27) — filing appears timely.
- Transaction: Open market or private purchase (P) — 269.569 shares at $37.10; total ≈ $10,001.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnote: The share and/or price figures are approximate due to timing of the fund’s NAV determination (F1).
- No 10b5-1 plan, option exercise, gift, or tax-withholding notes were reported.
Context
This is a small-dollar purchase in a closed-end fund; purchases by insiders can be of interest to investors but do not by themselves prove future performance. For closed-end funds like BTO, NAV timing can make the exact number of shares or price approximate, as noted in the filing.