BGY portfolio manager reports phantom share grant and stock sale in Form 4 filing

Rhea-AI Filing Summary

BlackRock Enhanced International Dividend Trust’s portfolio manager Kyle McClements reported compensation-related equity activity on January 30, 2026. He was granted 2,890.1338 phantom shares, each economically equivalent to one common share and payable in cash as they vest in three annual installments.

On the same date, 1,250.8226 phantom shares were exercised into 1,250.8226 common shares at no cost, and those 1,250.8226 common shares were then sold at $5.98 per share. After these transactions, McClements directly held 3,735.633 common shares.

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^*

McClements Kyle

(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		1,250.8226	A	(1)(2)	4,986.4556	D
Common Stock	01/30/2026		D		1,250.8226	D	$5.98(1)(2)	3,735.633	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)(3)	01/30/2026		A		2,890.1338		(1)(3)	(1)(3)	Common Stock	2,890.1338	$5.98	2,890.1338	D
Phantom Shares	(1)(2)	01/30/2026		M			1,250.8226	(1)(2)	(1)(2)	Common Stock	1,250.8226	(1)(2)	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 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.

3. 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 portfolio manager Kyle McClements report?

Kyle McClements reported compensation-related equity activity, including phantom share grants, an exercise into common stock, and a same-day sale of common shares, all dated January 30, 2026, for BlackRock Enhanced International Dividend Trust (BGY).

How many phantom shares were granted to the BGY portfolio manager?

He received 2,890.1338 phantom shares. Each phantom share is economically equivalent to one share of common stock and becomes payable in cash as it vests over three annual installments from the award date.

What stock sale did the BGY insider complete on January 30, 2026?

He sold 1,250.8226 shares of BlackRock Enhanced International Dividend Trust common stock at a price of $5.98 per share, after first exercising the same number of phantom shares into common stock at no cost.

How many BGY common shares does the insider hold after these transactions?

Following the January 30, 2026 transactions, the reporting person directly beneficially owned 3,735.633 shares of BlackRock Enhanced International Dividend Trust common stock, according to the Form 4 filing.

How do phantom shares work in this BGY Form 4 filing?

A phantom share is the economic equivalent of one share of common stock and, subject to vesting requirements, becomes payable in cash. In this case, phantom shares vest in equal installments on each of the first three anniversaries of the award.

Were the phantom shares in the BGY filing part of a prior grant?

Yes. The filing notes that phantom shares were previously granted on January 31, 2023, with vesting in three equal annual installments, and that some of those phantom shares were converted into common stock and then sold on January 30, 2026.