BGY portfolio manager logs phantom share, stock sale

BlackRock Enhanced International Dividend Trust portfolio manager Olivia Treharne reported routine compensation-related transactions involving phantom shares and common stock on January 30, 2026.

Rhea-AI Filing Summary

BlackRock Enhanced International Dividend Trust portfolio manager Olivia Treharne reported routine compensation-related transactions involving phantom shares and common stock on January 30, 2026. Phantom shares are stated as the economic equivalent of common stock but are paid out in cash when they vest.

On that date, Treharne received 2,210.4933 phantom shares at $5.98. Previously granted phantom share awards from 2023, 2024, and 2025 partially vested and were settled through multiple exercises, resulting in 6,791.0102 common shares and a matching sale of those shares at $5.98, leaving no directly held common stock after the transactions.

Insider Trade Summary

6,791.0102 shares exercised/converted

Exercise 6 txns

Insider Treharne Olivia

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	2,210.4933	$5.98	$13K
Exercise	Phantom Shares	2,817.5607	$0.00	$0.00
Exercise	Phantom Shares	1,974.8652	$0.00	$0.00
Exercise	Phantom Shares	1,998.5843	$0.00	$0.00
Exercise	Common Stock	6,791.0102	$0.00	$0.00
Disposition	Common Stock	6,791.0102	$5.98	$41K

Holdings After Transaction: Phantom Shares — 9,820.4799 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (5)

1. F1. 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. F2. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
3. F3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
4. F4. As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
5. F5. These phantom shares vest in equal installments on each of the first three anniversaries of the award.

FAQ

Who is the insider in this BlackRock Enhanced International Dividend Trust (BGY) Form 4?

The Form 4 lists Olivia Treharne as the reporting person. She is identified as a Portfolio Manager of BlackRock Enhanced International Dividend Trust, not a director, officer, or 10% owner, and filed the form individually for these compensation-related transactions.

What common stock transactions did Olivia Treharne report for BGY on January 30, 2026?

Treharne reported acquiring 6,791.0102 common shares through an exercise transaction, then disposing of exactly 6,791.0102 shares at $5.98 per share on January 30, 2026, resulting in zero common shares beneficially owned directly after these transactions.

What phantom share grant did BGY portfolio manager Olivia Treharne receive in this filing?

On January 30, 2026, Treharne received 2,210.4933 phantom shares valued at $5.98 each. Footnotes state phantom shares are the economic equivalent of one common share but are payable in cash, subject to vesting requirements over three annual installments.

How do phantom shares work in the BGY Form 4 for Olivia Treharne?

The filing explains a phantom share equals one common share economically, but it is settled in cash rather than stock. These awards vest in three equal annual installments, with prior grants from 2023, 2024, and 2025 referenced as vesting over this schedule.

Which earlier phantom share awards are referenced in the BGY Form 4 footnotes?

Footnotes reference prior phantom share grants made on January 31, 2023, January 31, 2024, and January 31, 2025. Each grant is described as payable in cash on vesting, with vesting occurring in equal installments over three years from the grant date.

Did Olivia Treharne hold any BGY common stock after the January 30, 2026 transactions?

No. After acquiring and then selling 6,791.0102 common shares at $5.98 on January 30, 2026, the Form 4 shows zero common shares beneficially owned directly. Remaining exposure is through phantom shares, which are ultimately cash-settled rather than stock-settled.

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Accepted by SEC EDGAR 02/03/2026 - 04:15 PM Learn about SEC filing dates

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^*

Treharne Olivia

(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
Common Stock	01/30/2026		M		6,791.0102	A	(1)(2)(3)(4)	6,791.0102	D
Common Stock	01/30/2026		D		6,791.0102	D	$5.98(1)(2)(3)(4)	0	D

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)(5)	01/30/2026		A		2,210.4933		(1)(5)	(1)(5)	Common Stock	2,210.4933	$5.98	2,210.4933	D
Phantom Shares	(1)(2)	01/30/2026		M			2,817.5607	(1)(2)	(1)(2)	Common Stock	2,817.5607	(1)(2)	5,635.1214	D
Phantom Shares	(1)(3)	01/30/2026		M			1,974.8652	(1)(3)	(1)(3)	Common Stock	1,974.8652	(1)(3)	1,974.8652	D
Phantom Shares	(1)(4)	01/30/2026		M			1,998.5843	(1)(4)	(1)(4)	Common Stock	1,998.5843	(1)(4)	0.0000	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. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

3. As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

4. As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.

5. 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.