Director Lorenzo Flores gains cash-settled BDJ performance rights under deferred compensation plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flores Lorenzo reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Equity Dividend Trust director Lorenzo Flores reported a grant of cash-settled Performance Rights linked to the trust’s common stock. On the reported date, he received 586.88 Performance Rights, each tied to the cash value of one share of the trust.
The award was accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a future deferral period he selected. Following this grant, Flores is shown with 14,406.69 derivative-based Performance Rights in total, reflecting deferred compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flores Lorenzo
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 586.88 | $9.57 | $6K |
Holdings After Transaction:
Performance Rights — 14,406.69 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: 586.88 rights
Reference price per right: $9.57 per right
Total Performance Rights after grant: 14,406.69 rights
+1 more
4 metrics
Performance Rights granted
586.88 rights
Grant of Performance Rights on acquisition date
Reference price per right
$9.57 per right
Grant price reference for Performance Rights
Total Performance Rights after grant
14,406.69 rights
Holdings following the reported transaction
Underlying security shares per right
1 share per right
Each right tied to one common share’s cash value
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, cash value, deferral period, +1 more
5 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."
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""