BlackRock Ltd Duration Income Trust (NYSE: BLW) director gets cash-settled performance award
Rhea-AI Filing Summary
Steinmetz Arthur Philip reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK Limited Duration Income Trust director Arthur Philip Steinmetz received a grant of 40.31 Performance Rights on August 3, 2026 under the BlackRock Deferred Compensation Plan. Each Performance Right represents the cash value of one common share and will be settled 100% in cash at a deferral period he selects. Following this award, he holds 10,749.91 Performance Rights in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steinmetz Arthur Philip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights F1, F2, F3 | 40.31 | $12.53 | $505.08 |
Holdings After Transaction:
Performance Rights — 10,749.91 shares (Direct)
Footnotes (3)
- F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
- F2. One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
- F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Performance Rights granted: 40.3100 Performance Rights
Per-right reference value: $12.5300 per Performance Right
Total Performance Rights after grant: 10749.9100 Performance Rights
3 metrics
Performance Rights granted
40.3100 Performance Rights
Derivative award granted on 2026-08-03
Per-right reference value
$12.5300 per Performance Right
Referenced price for the 40.3100 Performance Rights grant
Total Performance Rights after grant
10749.9100 Performance Rights
Holdings following the August 3, 2026 award
Key Terms
Performance Rights, Deferred Compensation Plan, cash value, deferral period
4 terms
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.
Deferred Compensation Plan financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
cash value financial
"One Performance Right is convertible into the cash value of one share"
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
"to be settled 100% in cash at the deferral period chosen"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Arthur Philip Steinmetz report for BLW?
Arthur Philip Steinmetz reported receiving 40.31 Performance Rights tied to BlackRock Limited Duration Income Trust on August 3, 2026. These rights were granted under the BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 10,749.91.
What are the Performance Rights reported in the BLW Form 4?
The reported Performance Rights are derivative awards accrued under the BlackRock Deferred Compensation Plan. Each right is convertible into the cash value of one BLW share and is designed to be settled entirely in cash rather than delivering actual fund shares.
How and when will the BLW Performance Rights be settled?
The Performance Rights will be settled 100% in cash at the deferral period chosen by Arthur Philip Steinmetz. Settlement is linked to the cash value of BLW shares at that time, providing cash compensation instead of additional share ownership or voting power.
What price per Performance Right was referenced in the BLW grant?
The Form 4 references a value of $12.53 per Performance Right for the 40.31 rights granted. This figure reflects a per-unit valuation for the derivative award, which is ultimately payable in cash based on the fund’s share value.
Was the BLW Performance Rights grant made under a Rule 10b5-1 plan?
The filing’s Rule 10b5-1 checkbox is not marked as an affirmative plan election, indicating the transaction was not reported as executed under a pre-arranged 10b5-1 trading plan for automatic transactions.
How many BLW Performance Rights does Steinmetz hold after this transaction?
After this award, Arthur Philip Steinmetz holds 10,749.91 Performance Rights tied to BLW. All such rights are structured to be settled in cash, referencing the value of BlackRock Limited Duration Income Trust common shares at the chosen deferral date.