BGY portfolio manager awarded 766 phantom shares at BlackRock Enhanced International Dividend Trust (NYSE: BGY)

Rhea-AI Filing Summary

BlackRock Enhanced International Dividend Trust portfolio manager Stephen John Andrews reported an award of 766.5134 phantom shares on January 30, 2026. Each phantom share is economically equivalent to one share of common stock but is settled in cash rather than stock.

The 766.5134 phantom shares vest in three equal installments on each of the first three anniversaries of the award. Following this award, Andrews holds 766.5134 phantom shares directly, aligning part of his compensation with the value of the trust’s common shares over time.

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

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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^*

Andrews Stephen John

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackRock Enhanced International Dividend Trust [ BGY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Portfolio Manager

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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
Phantom Shares	(1)(2)	01/30/2026		A		766.5134		(1)(2)	(1)(2)	Common Stock	766.5134	$5.98	766.5134	D

Explanation of Responses:

1. A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.

2. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

	/s/ Gladys Chang as Attorney-in-Fact	02/03/2026
	** 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 insider transaction did BGY disclose for portfolio manager Stephen John Andrews?

BGY disclosed that portfolio manager Stephen John Andrews received an award of 766.5134 phantom shares on January 30, 2026. These cash-settled units are tied to BGY’s common share value, creating incentive alignment without issuing actual stock to the insider.

How many phantom shares were granted in the latest BGY Form 4 filing?

The filing shows a grant of 766.5134 phantom shares to portfolio manager Stephen John Andrews. After this transaction, he beneficially owns 766.5134 phantom shares directly, representing deferred compensation linked to the economic value of BGY’s common shares over time.

How do the BGY phantom shares for Stephen John Andrews vest?

The phantom shares vest in three equal installments on each of the first three anniversaries of the January 30, 2026 award. This multi-year schedule encourages longer-term alignment between the portfolio manager’s compensation and the performance of BlackRock Enhanced International Dividend Trust.

What is a phantom share in the context of BGY’s Form 4 filing?

A phantom share is described as the economic equivalent of one share of BGY common stock, payable in cash after vesting. It tracks the share’s value but does not provide actual stock ownership or voting rights, functioning as a cash-based incentive award.

Is the BGY phantom share award to Stephen John Andrews held directly or indirectly?

The Form 4 indicates the 766.5134 phantom shares are held directly by Stephen John Andrews. There is no reference to an intermediary entity or indirect ownership structure, so the compensation exposure appears to be directly tied to his role as portfolio manager.