[Form 4] BlackRock Enhanced Equity Dividend Trust Insider Trading Activity
Stayce D. Harris, a director of BlackRock Enhanced Equity Dividend Trust (BDJ), reported a transaction dated 10/01/2025 on Form 4. The filing shows the acquisition of 531.84 Performance Rights under the BlackRock Deferred Compensation Plan; each right is convertible into the cash value of one share of BDJ and the awards are to be settled 100% in cash. The report lists a price of $9.12 and indicates 11,482.78 shares (or share-equivalent units) beneficially owned following the transaction. The Form 4 was signed by Gladys Chang, Attorney-in-Fact on 10/03/2025 and was filed by one reporting person.
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Insights
Director received cash-settled performance rights totaling 531.84 units on 10/01/2025.
The filing documents a non-cash-settling award structure: 531.84 Performance Rights that convert into the cash value of one BDJ share each and will be settled 100% in cash. This reflects routine director compensation via the issuer's deferred compensation plan rather than an open-market purchase or sale.
The report shows 11,482.78 beneficially owned following the grant, and the transaction price is listed as $9.12, consistent with plan accounting for the award. The Form 4 was executed by an attorney-in-fact on 10/03/2025.
Performance Rights are cash‑settled and accrued under the deferred compensation plan.
The disclosure states the awards were "accrued" under the BlackRock Deferred Compensation Plan and explicitly that they will be settled in cash, not shares. Such cash settlement affects dilution (none directly) because no new shares are issued upon settlement.
The grant quantity (531.84) and post-transaction beneficial ownership (11,482.78) are provided; both are concrete figures to use when reconciling director compensation expense in issuer filings.