BlackRock BDJ director granted cash performance rights

BlackRock Enhanced Equity Dividend Trust director Carl W. Kester reported a compensation grant of Performance Rights.

Accepted by SEC EDGAR 07/06/2026 - 05:52 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

BlackRock Enhanced Equity Dividend Trust director Carl W. Kester reported a compensation grant of Performance Rights. On this Form 4, he acquired 62.24 Performance Rights under the BlackRock Deferred Compensation Plan. Each right reflects the cash value of one BDJ common share and will be settled 100% in cash at a deferral date he chose. Following this grant, his reported balance is 47,986.21 Performance Rights, with no open-market share purchase or sale involved.

Insider Trade Summary

Grant/Award: 62.24 shares

Grant/Award 1 txn

Insider KESTER W CARL

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Performance Rights	62.24	$9.57	$595.64

Holdings After Transaction: Performance Rights — 47,986.21 rights (Direct)

Footnotes (3)

1. F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
2. F2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust.
3. F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Key Figures

Performance Rights granted: 62.24 rights Reference price per right: $9.57 per right Total Performance Rights after grant: 47,986.21 rights +1 more

4 metrics

Performance Rights granted 62.24 rights Grant/award acquisition on 2026-07-01

Reference price per right $9.57 per right Transaction price per Performance Right

Total Performance Rights after grant 47,986.21 rights Holdings following the transaction

Conversion price $0.00 Conversion or exercise price of Performance Rights

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."

Cash value is the amount of money you could get right away if an asset or contract were converted to cash or surrendered, after any fees or penalties. Think of it like the cash you could pull out of a savings jar when you need it; for investors it signals how much immediate liquidity or recoverable worth exists in an investment, insurance policy, or balance-sheet item.

deferral period financial

"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did BDJ director Carl W. Kester report on this Form 4?

Carl W. Kester reported receiving 62.24 Performance Rights as compensation. These rights were granted under the BlackRock Deferred Compensation Plan and are linked to the cash value of BlackRock Enhanced Equity Dividend Trust common shares, rather than representing an open-market stock trade.

Are the BDJ Performance Rights granted to Carl W. Kester settled in stock or cash?

The Performance Rights are settled entirely in cash, not stock. Each right converts into the cash value of one BlackRock Enhanced Equity Dividend Trust share, payable at the deferral period selected by the director under the deferred compensation plan.

How many BDJ Performance Rights does Carl W. Kester hold after the reported grant?

After the reported grant, Carl W. Kester holds 47,986.21 Performance Rights. This figure reflects his total position in these cash-settled rights following the 62.24-unit award disclosed in the current Form 4 insider filing.

What does one BDJ Performance Right represent for Carl W. Kester?

One Performance Right represents the cash value of one share of BlackRock Enhanced Equity Dividend Trust. The rights are part of a deferred compensation arrangement and will be paid in cash, based on the trust’s share value at settlement, rather than delivering actual shares.

Was there any open-market buying or selling of BDJ shares in this Form 4?

No open-market buying or selling of BDJ shares occurred in this filing. The Form 4 reports a grant of 62.24 Performance Rights, a cash-settled deferred compensation award, rather than a purchase or sale of the trust’s common stock in the market.

Under what plan were Carl W. Kester’s BDJ Performance Rights accrued?

The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan allows the director to defer compensation into Performance Rights linked to the cash value of BlackRock Enhanced Equity Dividend Trust shares, with payment at a future deferral date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED 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^*

KESTER W CARL

(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)

X	Director		10% 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)

X	Form 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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights(1)	(2)	07/01/2026		A		62.24		(3)	(3)	Common Stock	62.24	$9.57	47,986.21	D

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-Fact	07/06/2026
	** Signature of Reporting Person	Date
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)