Robert Glenn Hubbard (BDJ) receives cash-settled performance rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUBBARD ROBERT GLENN reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Equity Dividend Trust director Robert Glenn Hubbard received a grant of performance rights as deferred compensation. On April 1, 2026, he was awarded 788.1600 performance rights at a reference value of $8.7500 per right, each tied to the value of one common share.
These performance rights accrue under the BlackRock Deferred Compensation Plan and are 100% cash-settled at a deferral date he has chosen, so they do not represent current ownership of common shares. Following this award, his reported balance of performance rights increased to 97,850.7700.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUBBARD ROBERT GLENN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 788.16 | $8.75 | $7K |
Holdings After Transaction:
Performance Rights — 97,850.77 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: 788.1600 rights
Reference value per right: $8.7500 per right
Total performance rights after grant: 97,850.7700 rights
+1 more
4 metrics
Performance rights granted
788.1600 rights
Grant on April 1, 2026
Reference value per right
$8.7500 per right
Recorded transaction price
Total performance rights after grant
97,850.7700 rights
Holdings following transaction
Underlying common stock linkage
1 right = cash value of 1 share
Conversion relationship stated in footnote
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period
3 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
"to be settled 100% in cash at the deferral period chosen by the reporting person."
FAQ
What insider transaction did BDJ director Robert Glenn Hubbard report?
He reported receiving 788.1600 performance rights as a compensation grant. These rights are linked to BlackRock Enhanced Equity Dividend Trust’s common stock value and will be settled entirely in cash at a future deferral date he selected under a deferred compensation plan.
How many BDJ performance rights did Robert Glenn Hubbard hold after this Form 4 transaction?
After the grant, his reported balance rose to 97,850.7700 performance rights. This figure reflects his total holdings of these cash-settled instruments under the BlackRock Deferred Compensation Plan following the April 1, 2026 award of additional rights.
What is the reference value used for the BDJ performance rights granted?
The 788.1600 performance rights were recorded at a reference value of $8.7500 per right. Each right is convertible into the cash value of one BlackRock Enhanced Equity Dividend Trust share, tying the deferred compensation’s value to the fund’s share performance.
How and when will Robert Glenn Hubbard’s BDJ performance rights be settled?
They will be settled entirely in cash at a deferral period he previously chose. Under the BlackRock Deferred Compensation Plan, one performance right corresponds to the cash value of one BDJ share, paid when the specified deferral date is reached.