BlackRock Enhanced Equity Dividend Trust (BDJ) director logs cash-settled performance rights
Rhea-AI Filing Summary
A director of BlackRock Enhanced Equity Dividend Trust reported acquiring additional cash-settled performance rights linked to the trust’s common stock. On 01/02/2026, the director acquired 523.94 performance rights, each tied to the value of one share of common stock, at a reference price of $9.39. Following this transaction, the director beneficially owns 12,642.76 derivative securities in total.
The performance rights were accrued under the BlackRock Deferred Compensation Plan100% in cash at the deferral period chosen by the director, rather than in actual shares.
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FAQ
What insider transaction did BDJ disclose in this Form 4?
A director acquired 523.94 performance rights on 01/02/2026, each linked to the value of one share of BlackRock Enhanced Equity Dividend Trust common stock.
What are the performance rights reported for BlackRock Enhanced Equity Dividend Trust (BDJ)?
The reported performance rights are derivatives accrued under the BlackRock Deferred Compensation Plan, each tied to the cash value of one BDJ common share.
How will the BDJ performance rights be settled for the director?
The performance rights are to be settled 100% in cash, based on the value of BDJ shares, at the deferral period chosen by the director.
What was the reference price for the BDJ performance rights transaction?
The performance rights acquired on 01/02/2026 reference a price of $9.39 per underlying share of BlackRock Enhanced Equity Dividend Trust common stock.
How many derivative securities does the BDJ director own after this transaction?
After acquiring 523.94 additional performance rights, the director beneficially owns 12,642.76 derivative securities tied to BDJ.
Does this BDJ insider transaction involve actual shares or only cash-settled rights?
The transaction involves cash-settled performance rights. Each right converts into the cash value of one BDJ share, not into shares themselves.