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Director in BlackRock Enhanced Equity Dividend (NYSE: BDJ) granted cash-settled performance rights

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Form Type
4

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.

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Insider HUBBARD ROBERT GLENN
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 722.31 $9.57 $7K
Holdings After Transaction: Performance Rights — 100,527.76 shares (Direct)
Footnotes (1)
  1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Performance rights granted 722.31 rights Grant under BlackRock Deferred Compensation Plan on July 1, 2026
Reference price per right $9.57 per right Value reference for performance rights grant
Total performance rights after grant 100,527.76 rights Holdings following the reported transaction
Underlying common stock linkage 1 right = cash value of 1 share Conversion relationship stated in footnote
Performance Rights financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
BlackRock Deferred Compensation Plan financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
convertible into the cash value of one share financial
"One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust."
settled 100% in cash financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."

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FAQ

What did BDJ director Robert Glenn Hubbard report in this Form 4?

He reported receiving 722.31 performance rights as a compensation grant. These rights are linked to the cash value of BlackRock Enhanced Equity Dividend Trust common stock and increase his total reported holdings to 100,527.76 performance rights.

Are the BDJ performance rights granted to the director settled in stock or cash?

The performance rights are settled 100% in cash, not in stock. Each right reflects the cash value of one share of BlackRock Enhanced Equity Dividend Trust, paid at a future deferral date chosen by the reporting person.

How many BDJ-linked performance rights does the director hold after this transaction?

After the grant, the director is reported to hold 100,527.76 performance rights. This figure includes the newly awarded 722.31 rights and represents his total position in these cash-settled deferred compensation instruments.

What is the reference price used for the BDJ performance rights grant?

The grant reflects a reference price of $9.57 per performance right. This price is tied to the value of BlackRock Enhanced Equity Dividend Trust common stock and helps determine the cash value associated with each right.

What plan governs the BDJ performance rights reported in this Form 4?

The performance rights were accrued under the BlackRock Deferred Compensation Plan. This plan allows the director to defer compensation into cash-settled performance rights that track the value of BlackRock Enhanced Equity Dividend Trust shares.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
HUBBARD ROBERT GLENN

(Last)(First)(Middle)
50 HUDSON YARDS

(Street)
NEW YORK NEW YORK 10001

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BlackRock Enhanced Equity Dividend Trust [ BDJ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Rights(1)(2)07/01/2026A722.31 (3) (3)Common Stock722.31$9.57100,527.76D
Explanation of Responses:
1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust.
3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
/s/ Gladys Chang as Attorney-in-Fact07/06/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)