BlackRock Enhanced Equity Dividend Trust (BDJ) director awarded 517.4 cash-settled performance rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackRock Enhanced Equity Dividend Trust reported a director-level compensation transaction involving derivative securities tied to its common shares. On 01/02/2026, the director acquired 517.4 Performance Rights under the BlackRock Deferred Compensation Plan. Each Performance Right represents the cash value of one share of BlackRock Enhanced Equity Dividend Trust common stock and will be settled 100% in cash at a deferral period chosen by the director.
Following this transaction, the director beneficially owned a total of 12,370.74 Performance Rights, held in direct form. These instruments are economic incentives linked to the fund’s share value rather than actual shares, because they are designed to be paid out in cash instead of stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Stayce D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 517.4 | $9.39 | $5K |
Holdings After Transaction:
Performance Rights — 12,370.74 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.
FAQ
What insider transaction was reported for BDJ in this Form 4?
A director of BlackRock Enhanced Equity Dividend Trust (BDJ) reported acquiring 517.4 Performance Rights on 01/02/2026 under a deferred compensation plan.
What are the Performance Rights referenced for BDJ?
The filing states that the Performance Rights were accrued under the BlackRock Deferred Compensation Plan, and that one Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust.
Does the BDJ director receive stock or cash from these Performance Rights?
According to the disclosure, the Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person, so no actual BDJ shares are issued from these awards.
How many derivative securities linked to BDJ does the director own after this transaction?
After acquiring the new award, the director beneficially owns 12,370.74 Performance Rights, held as direct ownership according to the report.
What was the reference price for the BDJ Performance Rights in this award?
The table shows a price of $9.39 for the derivative security associated with the 517.4 Performance Rights tied to BDJ common stock.
What role does the reporting person hold at BlackRock Enhanced Equity Dividend Trust (BDJ)?
The reporting person is identified as a Director of BlackRock Enhanced Equity Dividend Trust, with the applicable box for director checked in the relationship section.