BDJ (NYSE: BDJ) director receives 598 cash-settled Performance Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holloman James Phillip reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Equity Dividend Trust director James Phillip Holloman received a grant of 598.1600 Performance Rights tied to the trust’s common stock. The rights were accrued under the BlackRock Deferred Compensation Plan and are convertible into the cash value of one share of the trust per right.
The Performance Rights will be settled 100% in cash at the deferral period chosen by Holloman, rather than in stock. Following this award, he holds a total of 14,065.5900 Performance Rights, reflecting deferred, cash-settled compensation linked to the trust’s share value.
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 | 598.16 | $8.75 | $5K |
Holdings After Transaction:
Performance Rights — 14,065.59 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: 598.1600 rights
Reference price per underlying share: $8.7500 per share
Total Performance Rights after grant: 14,065.5900 rights
+1 more
4 metrics
Performance Rights granted
598.1600 rights
Grant under BlackRock Deferred Compensation Plan on 2026-04-01
Reference price per underlying share
$8.7500 per share
Transaction price per share for the Performance Rights
Total Performance Rights after grant
14,065.5900 rights
Holdings following the reported transaction
Underlying common stock per right
1 share cash value
Each Performance Right equals cash value of one BDJ share
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
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
FAQ
What insider transaction did BDJ director James Phillip Holloman report?
Director James Phillip Holloman reported receiving 598.1600 Performance Rights as a compensation award. 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.
How many Performance Rights does James Phillip Holloman hold after this BDJ Form 4?
After this transaction, James Phillip Holloman holds 14,065.5900 Performance Rights. This total reflects his accumulated deferred compensation awards, each tied to the cash value of one share of BlackRock Enhanced Equity Dividend Trust common stock.
Are the BDJ Performance Rights granted to Holloman settled in stock or cash?
The Performance Rights granted to Holloman are settled 100% in cash. Each right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust at the deferral period he has chosen.
What does one Performance Right represent for BlackRock Enhanced Equity Dividend Trust (BDJ)?
One Performance Right represents the cash value of one share of BlackRock Enhanced Equity Dividend Trust. When settled, Holloman receives cash equal to the share’s value, rather than receiving actual BDJ shares.
At what reference price were the BDJ Performance Rights recorded in this Form 4?
The 598.1600 Performance Rights were recorded at a transaction price of $8.7500 per underlying share. This figure reflects the reference price used in the filing for the cash value linkage to BlackRock Enhanced Equity Dividend Trust common stock.