BlackRock BDJ director granted performance rights
BlackRock Enhanced Equity Dividend Trust director Robert Glenn Hubbard received a grant of cash-settled performance rights linked to the trust’s common stock.
Rhea-AI Filing Summary
BlackRock Enhanced Equity Dividend Trust director Robert Glenn Hubbard received a grant of cash-settled performance rights linked to the trust’s common stock. On this award date, he acquired 722.31 performance rights at a reference price of $9.57 per right, bringing his reported holdings to 100,527.76 rights. These performance rights were accrued under the BlackRock Deferred Compensation Plan and each right represents the cash value of one share of the trust, to be settled entirely in cash at a future deferral date chosen by Hubbard, rather than in actual shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 722.31 | $9.57 | $7K |
Footnotes (3)
- F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
- F2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust.
- F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Key Terms
Performance Rights financial
BlackRock Deferred Compensation Plan financial
settled 100% in cash financial
FAQ
What did BDJ director Robert Glenn Hubbard report in this Form 4?
Are the BDJ performance rights granted to the director settled in stock or cash?
How many BDJ-linked performance rights does the director hold after this transaction?
What is the reference price used for the BDJ performance rights grant?
What plan governs the BDJ performance rights reported in this Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.