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

Deferred cash rights granted to BlackRock Enhanced Equity (BDJ) director

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BlackRock Enhanced Equity Dividend Trust director Arthur Philip Steinmetz received a grant of 657.7 Performance Rights tied to the trust’s common stock. The rights were accrued under the BlackRock Deferred Compensation Plan at a reference value of $9.57 per right, have a zero exercise price, and each represents the cash value of one share. They will be settled 100% in cash at a future deferral date chosen by Steinmetz, increasing his total Performance Rights position to 9,415.1. This is a compensation-related, non-trading transaction rather than an open-market buy or sell of BDJ shares.

Positive

  • None.

Negative

  • None.
Insider Steinmetz Arthur Philip
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 657.7 $9.57 $6K
Holdings After Transaction: Performance Rights — 9,415.1 shares (Direct)
Footnotes (1)
  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.
Performance Rights granted 657.7 rights Grant on 2026-07-01 as deferred compensation
Reference value per right $9.57 per right Transaction price per Performance Right
Total Performance Rights after grant 9,415.1 rights Holdings following the reported transaction
Exercise price $0.00 Conversion or exercise price for the Performance Rights
Underlying security 657.7 common shares equivalent Each Performance Right equals cash value of one BDJ share
Settlement method 100% cash Rights settle in cash at chosen deferral period
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."

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What insider transaction did BDJ director Arthur Philip Steinmetz report?
Arthur Philip Steinmetz reported receiving 657.7 Performance Rights as compensation. These were granted under the BlackRock Deferred Compensation Plan and reference $9.57 per right. The award is cash-settled and does not represent an open-market purchase or sale of BDJ shares.

Are the BDJ Performance Rights granted to Arthur Steinmetz stock or cash-settled units?
The Performance Rights granted to Arthur Steinmetz are cash-settled units. Each right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust and will be settled 100% in cash at a future deferral date he selected.

How many BDJ Performance Rights does Arthur Steinmetz hold after this Form 4?
After this grant, Arthur Steinmetz holds 9,415.1 Performance Rights. The new award added 657.7 rights, each linked to the cash value of one BDJ share, and all are structured as deferred, cash-settled compensation rather than direct share ownership.

What is the reference value and exercise price of the BDJ Performance Rights?
The reported grant uses a reference value of $9.57 per Performance Right with a zero exercise price. This means Steinmetz owes nothing to receive eventual cash settlement, which will reflect the cash value of one BDJ share for each right held.

Do the BDJ Performance Rights give Arthur Steinmetz voting rights in the trust?
The filing describes Performance Rights that settle 100% in cash based on BDJ’s share value. Because they are cash-settled and represent the cash value of shares, they function as deferred compensation and do not describe any associated shareholder voting rights in the trust.

Was Arthur Steinmetz buying or selling BDJ stock in this Form 4 filing?
No, the Form 4 reflects a grant of cash-settled Performance Rights, not a stock trade. The transaction is coded as an acquisition (grant/award) and is part of deferred compensation, rather than an open-market purchase or sale of BDJ common shares.
SEC Form 4
FORM 4UNITED 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*
Steinmetz Arthur Philip
(Last)(First)(Middle)
50 HUDSON YARDS
(Street)
NEW YORK NEW YORK 10001
(City)(State)(Zip)
UNITED STATES
(Country)		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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Rights(1)(2)07/01/2026A657.7 (3) (3)Common Stock657.7$9.579,415.1D
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-Fact07/06/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR