Director Holloman gains 548 cash-settled rights in BlackRock (NYSE: BDJ)
Rhea-AI Filing Summary
BlackRock Enhanced Equity Dividend Trust director James Phillip Holloman reported a compensation grant of performance rights. On this Form 4, he acquired 548.1800 Performance Rights, each linked to the cash value of one share of the trust, at a reference price of $9.5700.
The rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a future deferral period he selected. Following this award, his directly held performance rights position is 14,894.7500 units, reflecting deferred, cash-settled exposure rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holloman James Phillip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 548.18 | $9.57 | $5K |
Holdings After Transaction:
Performance Rights — 14,894.75 shares (Direct)
Footnotes (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.
Key Figures
Performance rights granted: 548.1800 units
Reference price per right: $9.5700 per unit
Total rights after transaction: 14,894.7500 units
+2 more
5 metrics
Performance rights granted
548.1800 units
Grant of Performance Rights on 2026-07-01
Reference price per right
$9.5700 per unit
Value used for the 548.1800 Performance Rights grant
Total rights after transaction
14,894.7500 units
Directly held Performance Rights following the grant
Underlying common stock linkage
1 right : 1 share cash value
Each Performance Right equals cash value of one BDJ share
Settlement form
100% cash
Performance Rights to be settled in cash at chosen deferral period
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period, underlying security
4 terms
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."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
underlying security financial
"underlying_security_title: Common Stock; underlying_security_shares: 548.1800"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did BDJ director James Phillip Holloman report in this Form 4?
He reported receiving a grant of 548.1800 Performance Rights tied to BlackRock Enhanced Equity Dividend Trust. These rights were awarded under a deferred compensation plan and increase his total directly held performance rights position to 14,894.7500 units, with future settlement in cash.
How many performance rights did Holloman receive from BlackRock Enhanced Equity Dividend Trust?
He received 548.1800 Performance Rights in this transaction. Each right corresponds to the cash value of one share of BlackRock Enhanced Equity Dividend Trust, giving him additional deferred exposure without an immediate share purchase in the market.
How are the BDJ performance rights granted to Holloman structured financially?
Each Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust. The grant references a value of $9.5700 per unit, creating a cash-settled deferred compensation position rather than direct ownership of additional common shares.
When and how will Holloman’s BDJ performance rights be settled?
The Performance Rights will be settled 100% in cash at the deferral period chosen by Holloman. This means he will receive cash equal to the value of the linked shares at that time, instead of receiving actual BlackRock Enhanced Equity Dividend Trust shares.
What plan governs the performance rights reported for BDJ’s director?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan allows compensation to be deferred into rights whose value tracks BlackRock Enhanced Equity Dividend Trust shares, later settled entirely in cash at a deferral period selected by the reporting person.