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[Form 4] BlackRock Enhanced Equity Dividend Trust Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

BlackRock Enhanced Equity Dividend Trust (BDJ) – Form 4 insider filing

Director Lorenzo Flores reported the accrual of 578.37 Performance Rights on 01 July 2025 under the BlackRock Deferred Compensation Plan. Each Performance Right reflects the cash value of one BDJ share and is scheduled to be settled 100% in cash at a future date selected by the director. The reference price stated in the filing is $8.92, implying a notional value of roughly $5.2 k for the new rights. Following this transaction, Flores beneficially owns 11,052.42 Performance Rights in total, held directly. No open-market purchase or sale of BDJ common shares occurred, and the transaction does not change the outstanding share count.

The filing is routine, reflecting non-derivative cash-settled compensation rather than an equity purchase. While it signals continued participation in the deferred-compensation programme, the dollar amount is immaterial relative to BDJ’s market capitalisation and should have minimal impact on the fund’s valuation or float.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Comunicazione interna Modulo 4

Il direttore Lorenzo Flores ha segnalato l'accredito di 578,37 Performance Rights il 01 luglio 2025 nell'ambito del Piano di Compensazione Differita BlackRock. Ogni Performance Right rappresenta il valore monetario di una quota BDJ ed è previsto venga liquidato interamente in contanti in una data futura scelta dal direttore. Il prezzo di riferimento indicato nella comunicazione è di 8,92 $, implicando un valore nominale di circa 5,2 mila $ per i nuovi diritti. A seguito di questa operazione, Flores detiene direttamente un totale di 11.052,42 Performance Rights. Non si sono verificate compravendite sul mercato aperto di azioni ordinarie BDJ e l'operazione non modifica il numero di azioni in circolazione.

La comunicazione è di routine, riflettendo una compensazione in contanti non derivativa piuttosto che un acquisto di azioni. Pur indicando una continua partecipazione al programma di compensazione differita, l'importo in dollari è irrilevante rispetto alla capitalizzazione di mercato di BDJ e dovrebbe avere un impatto minimo sulla valutazione o sul flottante del fondo.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Presentación interna Formulario 4

El director Lorenzo Flores reportó la acumulación de 578,37 Derechos de Desempeño el 01 de julio de 2025 bajo el Plan de Compensación Diferida de BlackRock. Cada Derecho de Desempeño refleja el valor en efectivo de una acción BDJ y está programado para liquidarse 100% en efectivo en una fecha futura elegida por el director. El precio de referencia indicado en la presentación es de $8.92, lo que implica un valor nominal aproximado de $5,2 mil para los nuevos derechos. Tras esta transacción, Flores posee beneficiosamente un total de 11,052.42 Derechos de Desempeño, mantenidos directamente. No hubo compra ni venta en el mercado abierto de acciones comunes de BDJ y la transacción no altera el número de acciones en circulación.

La presentación es rutinaria, reflejando una compensación en efectivo no derivativa en lugar de una compra de acciones. Aunque señala una participación continua en el programa de compensación diferida, el monto en dólares es insignificante en relación con la capitalización de mercado de BDJ y debería tener un impacto mínimo en la valoración o en el flotante del fondo.

BlackRock Enhanced Equity Dividend Trust (BDJ) – 내부자 신고서 Form 4

이사 Lorenzo Flores는 2025년 7월 1일 BlackRock 이연 보상 계획에 따라 578.37 Performance Rights 적립을 보고했습니다. 각 Performance Right는 BDJ 주식 1주의 현금 가치를 반영하며, 이사는 미래에 선택한 날짜에 100% 현금으로 정산될 예정입니다. 신고서에 명시된 기준 가격은 $8.92로, 신규 권리의 명목 가치는 약 $5.2천에 해당합니다. 이번 거래 후 Flores는 직접 보유한 총 11,052.42 Performance Rights를 소유하게 됩니다. BDJ 보통주에 대한 공개 시장 매매는 없었으며, 이번 거래는 발행 주식 수를 변경하지 않습니다.

이번 신고는 주식 매입이 아닌 비파생 현금 정산 보상을 반영하는 일상적인 신고입니다. 이는 이연 보상 프로그램에 계속 참여함을 나타내지만, 금액은 BDJ의 시가총액에 비해 미미하여 펀드의 가치 평가나 유통 주식 수에 미치는 영향은 최소화될 것으로 보입니다.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Déclaration d’initié Formulaire 4

Le directeur Lorenzo Flores a déclaré l'attribution de 578,37 droits de performance le 1er juillet 2025 dans le cadre du Plan de rémunération différée de BlackRock. Chaque droit de performance reflète la valeur en espèces d’une action BDJ et doit être règlementé à 100 % en espèces à une date future choisie par le directeur. Le prix de référence indiqué dans la déclaration est de 8,92 $, ce qui implique une valeur notionnelle d’environ 5,2 k$ pour les nouveaux droits. Après cette opération, Flores détient directement un total de 11 052,42 droits de performance. Aucune transaction d’achat ou de vente d’actions ordinaires BDJ sur le marché ouvert n’a eu lieu, et cette opération n’affecte pas le nombre d’actions en circulation.

La déclaration est routinière, reflétant une rémunération en espèces sans dérivés plutôt qu’un achat d’actions. Bien qu’elle indique une participation continue au programme de rémunération différée, le montant en dollars est insignifiant par rapport à la capitalisation boursière de BDJ et devrait avoir un impact minimal sur la valorisation ou le flottant du fonds.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Insider-Meldung Formular 4

Direktor Lorenzo Flores meldete am 01. Juli 2025 die Gutschrift von 578,37 Performance Rights im Rahmen des BlackRock Deferred Compensation Plans. Jedes Performance Right entspricht dem Barwert einer BDJ-Aktie und soll zu einem vom Direktor gewählten zukünftigen Zeitpunkt zu 100 % in bar abgewickelt werden. Der im Formular angegebene Referenzpreis beträgt 8,92 $, was einen Nominalwert von etwa 5,2 Tsd. $ für die neuen Rechte impliziert. Nach dieser Transaktion besitzt Flores direkt insgesamt 11.052,42 Performance Rights. Es gab keinen Kauf oder Verkauf von BDJ-Stammaktien am offenen Markt, und die Transaktion ändert nicht die ausstehenden Aktien.

Die Meldung ist routinemäßig und spiegelt eine nicht derivative, bar abgewickelte Vergütung wider, keine Aktienkäufe. Obwohl sie eine fortgesetzte Teilnahme am Deferred-Compensation-Programm signalisiert, ist der Betrag im Verhältnis zur Marktkapitalisierung von BDJ unerheblich und sollte keine nennenswerten Auswirkungen auf die Bewertung oder den Streubesitz des Fonds haben.

Positive
  • Continued director participation in deferred-compensation plan demonstrates alignment of incentive structure with BDJ’s performance.
Negative
  • Cash-settled nature means no direct equity purchase, providing little insight into insider conviction.
  • Transaction size (≈$5 k) is immaterial relative to fund size and unlikely to influence valuation.

Insights

TL;DR: Small, cash-settled compensation accrual; negligible market impact.

The transaction adds only 578 Performance Rights (≈$5 k) to the director’s deferred-comp plan. Because the rights settle in cash, no BDJ shares are issued or repurchased, leaving NAV and distribution capacity unchanged. The action indicates modest ongoing alignment with fund performance but offers no signal of insider conviction via share purchases. I view the filing as neutral to the investment thesis.

TL;DR: Routine deferred-comp entry, compliance with Section 16.

The Form 4 demonstrates proper Section 16 reporting practices and shows that BDJ’s directors continue to use the sponsor’s deferred-comp scheme. Because settlement is entirely in cash, dilution and voting-power questions are irrelevant. Disclosure quality is adequate, with attorney-in-fact signature dated 03 Jul 2025. From a governance standpoint, the event is standard and non-impactful.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Comunicazione interna Modulo 4

Il direttore Lorenzo Flores ha segnalato l'accredito di 578,37 Performance Rights il 01 luglio 2025 nell'ambito del Piano di Compensazione Differita BlackRock. Ogni Performance Right rappresenta il valore monetario di una quota BDJ ed è previsto venga liquidato interamente in contanti in una data futura scelta dal direttore. Il prezzo di riferimento indicato nella comunicazione è di 8,92 $, implicando un valore nominale di circa 5,2 mila $ per i nuovi diritti. A seguito di questa operazione, Flores detiene direttamente un totale di 11.052,42 Performance Rights. Non si sono verificate compravendite sul mercato aperto di azioni ordinarie BDJ e l'operazione non modifica il numero di azioni in circolazione.

La comunicazione è di routine, riflettendo una compensazione in contanti non derivativa piuttosto che un acquisto di azioni. Pur indicando una continua partecipazione al programma di compensazione differita, l'importo in dollari è irrilevante rispetto alla capitalizzazione di mercato di BDJ e dovrebbe avere un impatto minimo sulla valutazione o sul flottante del fondo.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Presentación interna Formulario 4

El director Lorenzo Flores reportó la acumulación de 578,37 Derechos de Desempeño el 01 de julio de 2025 bajo el Plan de Compensación Diferida de BlackRock. Cada Derecho de Desempeño refleja el valor en efectivo de una acción BDJ y está programado para liquidarse 100% en efectivo en una fecha futura elegida por el director. El precio de referencia indicado en la presentación es de $8.92, lo que implica un valor nominal aproximado de $5,2 mil para los nuevos derechos. Tras esta transacción, Flores posee beneficiosamente un total de 11,052.42 Derechos de Desempeño, mantenidos directamente. No hubo compra ni venta en el mercado abierto de acciones comunes de BDJ y la transacción no altera el número de acciones en circulación.

La presentación es rutinaria, reflejando una compensación en efectivo no derivativa en lugar de una compra de acciones. Aunque señala una participación continua en el programa de compensación diferida, el monto en dólares es insignificante en relación con la capitalización de mercado de BDJ y debería tener un impacto mínimo en la valoración o en el flotante del fondo.

BlackRock Enhanced Equity Dividend Trust (BDJ) – 내부자 신고서 Form 4

이사 Lorenzo Flores는 2025년 7월 1일 BlackRock 이연 보상 계획에 따라 578.37 Performance Rights 적립을 보고했습니다. 각 Performance Right는 BDJ 주식 1주의 현금 가치를 반영하며, 이사는 미래에 선택한 날짜에 100% 현금으로 정산될 예정입니다. 신고서에 명시된 기준 가격은 $8.92로, 신규 권리의 명목 가치는 약 $5.2천에 해당합니다. 이번 거래 후 Flores는 직접 보유한 총 11,052.42 Performance Rights를 소유하게 됩니다. BDJ 보통주에 대한 공개 시장 매매는 없었으며, 이번 거래는 발행 주식 수를 변경하지 않습니다.

이번 신고는 주식 매입이 아닌 비파생 현금 정산 보상을 반영하는 일상적인 신고입니다. 이는 이연 보상 프로그램에 계속 참여함을 나타내지만, 금액은 BDJ의 시가총액에 비해 미미하여 펀드의 가치 평가나 유통 주식 수에 미치는 영향은 최소화될 것으로 보입니다.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Déclaration d’initié Formulaire 4

Le directeur Lorenzo Flores a déclaré l'attribution de 578,37 droits de performance le 1er juillet 2025 dans le cadre du Plan de rémunération différée de BlackRock. Chaque droit de performance reflète la valeur en espèces d’une action BDJ et doit être règlementé à 100 % en espèces à une date future choisie par le directeur. Le prix de référence indiqué dans la déclaration est de 8,92 $, ce qui implique une valeur notionnelle d’environ 5,2 k$ pour les nouveaux droits. Après cette opération, Flores détient directement un total de 11 052,42 droits de performance. Aucune transaction d’achat ou de vente d’actions ordinaires BDJ sur le marché ouvert n’a eu lieu, et cette opération n’affecte pas le nombre d’actions en circulation.

La déclaration est routinière, reflétant une rémunération en espèces sans dérivés plutôt qu’un achat d’actions. Bien qu’elle indique une participation continue au programme de rémunération différée, le montant en dollars est insignifiant par rapport à la capitalisation boursière de BDJ et devrait avoir un impact minimal sur la valorisation ou le flottant du fonds.

BlackRock Enhanced Equity Dividend Trust (BDJ) – Insider-Meldung Formular 4

Direktor Lorenzo Flores meldete am 01. Juli 2025 die Gutschrift von 578,37 Performance Rights im Rahmen des BlackRock Deferred Compensation Plans. Jedes Performance Right entspricht dem Barwert einer BDJ-Aktie und soll zu einem vom Direktor gewählten zukünftigen Zeitpunkt zu 100 % in bar abgewickelt werden. Der im Formular angegebene Referenzpreis beträgt 8,92 $, was einen Nominalwert von etwa 5,2 Tsd. $ für die neuen Rechte impliziert. Nach dieser Transaktion besitzt Flores direkt insgesamt 11.052,42 Performance Rights. Es gab keinen Kauf oder Verkauf von BDJ-Stammaktien am offenen Markt, und die Transaktion ändert nicht die ausstehenden Aktien.

Die Meldung ist routinemäßig und spiegelt eine nicht derivative, bar abgewickelte Vergütung wider, keine Aktienkäufe. Obwohl sie eine fortgesetzte Teilnahme am Deferred-Compensation-Programm signalisiert, ist der Betrag im Verhältnis zur Marktkapitalisierung von BDJ unerheblich und sollte keine nennenswerten Auswirkungen auf die Bewertung oder den Streubesitz des Fonds haben.

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*
Flores Lorenzo

(Last) (First) (Middle)
50 HUDSON YARDS

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
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)
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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) 07/01/2025 A 578.37 (3) (3) Common Stock 578.37 $8.92 11,052.42 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 07/03/2025
** 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.

FAQ

What did BDJ Director Lorenzo Flores report on the July 2025 Form 4?

He accrued 578.37 Performance Rights under the BlackRock Deferred Compensation Plan.

Does the transaction involve actual BDJ share purchases?

No. The rights are cash-settled, so no shares are bought or issued.

What is the total number of Performance Rights now held by the director?

After the accrual, Flores owns 11,052.42 Performance Rights.

What price was used to value the newly accrued rights?

The reference value disclosed is $8.92 per right.

Will this Form 4 filing affect BDJ’s share count or NAV?

No. Cash settlement means no dilution or share-count change.
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