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BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) director gets cash-settled Performance Rights

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

Rhea-AI Filing Summary

KESTER W CARL reported acquisition or exercise transactions in this Form 4 filing.

BlackRock Enhanced Equity Dividend Trust director KESTER W CARL was granted 6.6100 Performance Rights on 2026-08-03 at a reference value of $9.8000 per right. Following this award, the director directly holds 48296.5300 Performance Rights tied to the trust’s common stock.

The Performance Rights accrue under the BlackRock Deferred Compensation Plan. Each right represents the cash value of one share of BlackRock Enhanced Equity Dividend Trust and will be settled 100% in cash at the deferral period chosen by the reporting person.

Positive

  • None.

Negative

  • None.
Insider KESTER W CARL
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights F1, F2, F3 6.61 $9.80 $64.78
Holdings After Transaction: Performance Rights — 48,296.53 shares (Direct)
Footnotes (3)
  1. F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  2. F2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust.
  3. F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Performance Rights granted 6.6100 Performance Rights Grant to director KESTER W CARL on 2026-08-03
Reference value per right $9.8000 per Performance Right Value associated with the 2026-08-03 grant
Total Performance Rights after grant 48296.5300 Performance Rights Director’s directly held Performance Rights position following the transaction
Underlying security 1 right = cash value of 1 share Each Performance Right tracks one share of BDJ common stock in cash
Settlement method 100% in cash Performance Rights settled in cash at the 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."
Cash value is the amount of money you could get right away if an asset or contract were converted to cash or surrendered, after any fees or penalties. Think of it like the cash you could pull out of a savings jar when you need it; for investors it signals how much immediate liquidity or recoverable worth exists in an investment, insurance policy, or balance-sheet item.
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."

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FAQ

What did BDJ director KESTER W CARL report in this Form 4?
The filing reports that BDJ director KESTER W CARL received a grant of 6.6100 Performance Rights tied to BlackRock Enhanced Equity Dividend Trust common stock, increasing his direct Performance Rights holdings to 48296.5300 under the BlackRock Deferred Compensation Plan.

How many Performance Rights were granted to BDJ director KESTER W CARL and at what value?
The director was granted 6.6100 Performance Rights on 2026-08-03, with a reference value of $9.8000 per right. Each Performance Right corresponds to the cash value of one share of BlackRock Enhanced Equity Dividend Trust common stock.

Are the BDJ Performance Rights reported by KESTER W CARL settled in stock or cash?
The Performance Rights are settled 100% in cash. Each right is convertible into the cash value of one share of BlackRock Enhanced Equity Dividend Trust, with settlement occurring at the deferral period selected by the reporting person.

What plan governs the BDJ Performance Rights granted to KESTER W CARL?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan grants cash-settled Performance Rights whose value tracks BlackRock Enhanced Equity Dividend Trust shares, and settlement occurs in cash at a deferral period chosen by the reporting person.

What is KESTER W CARL’s total Performance Rights position in BDJ after this grant?
After the reported grant, the director directly holds 48296.5300 Performance Rights. These cash-settled awards each mirror the cash value of one share of BlackRock Enhanced Equity Dividend Trust, providing deferred cash compensation linked to the trust’s common stock.
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*
KESTER W CARL
(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)
08/03/2026		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)08/03/2026A6.61 (3) (3)Common Stock6.61$9.848,296.53D
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-Fact08/05/2026
** 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