Carl W. Kester of BlackRock Enhanced Equity Dividend (BDJ) gets new cash Performance Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KESTER W CARL reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Equity Dividend Trust director Carl W. Kester received a compensation grant of Performance Rights, not a market purchase of shares. On this Form 4, he was awarded 75.7 Performance Rights at $8.75 each, bringing his total Performance Rights holdings to 46,985.39.
The rights were accrued under the BlackRock Deferred Compensation Plan. Each Performance Right is tied to the cash value of one common share of BlackRock Enhanced Equity Dividend Trust and will be settled 100% in cash at the deferral period chosen by Kester, rather than in actual shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KESTER W CARL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 75.7 | $8.75 | $662.38 |
Holdings After Transaction:
Performance Rights — 46,985.39 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: 75.7 rights
Grant value per right: $8.75 per right
Total Performance Rights after grant: 46,985.39 rights
+2 more
5 metrics
Performance Rights granted
75.7 rights
Grant/award acquisition on April 1, 2026
Grant value per right
$8.75 per right
Performance Rights grant price
Total Performance Rights after grant
46,985.39 rights
Holdings following reported transaction
Conversion ratio
1 right : cash value of 1 share
Each right linked to one BDJ common share
Settlement form
100% cash
Settlement at deferral period chosen by reporting person
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, cash value, deferral period
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."
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."