Director at BlackRock Ltd Duration (NYSE: BLW) receives 744 cash-settled rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BLACKROCK Limited Duration Income Trust director James Phillip Holloman reported a compensation grant of cash-settled performance rights. On this Form 4, he acquired 744.17 Performance Rights, each tied to the cash value of one share of BlackRock Limited Duration Income Trust.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and are to be settled 100% in cash at the deferral period he selected. Following this award, his reported holdings in these Performance Rights total 16,857.00, reflecting a routine compensation-related acquisition rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holloman James Phillip
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 744.17 | $12.46 | $9K |
Holdings After Transaction:
Performance Rights — 16,857 shares (Direct, null)
Footnotes (1)
- The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Performance Rights granted: 744.17 rights
Reference price per right: $12.46 per right
Total Performance Rights after grant: 16,857.00 rights
+2 more
5 metrics
Performance Rights granted
744.17 rights
Grant on 2026-07-01 as compensation award
Reference price per right
$12.46 per right
Transaction price per Performance Right
Total Performance Rights after grant
16,857.00 rights
Holdings following reported transaction
Underlying security amount
744.17 shares equivalent
Each right tied to cash value of one BLW share
Transaction code
A (grant/award acquisition)
Form 4 Section 16 transaction code
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, Form 4, cash value
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.
BlackRock Deferred Compensation Plan financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
Form 4 regulatory
"On this Form 4, he acquired 744.17 Performance Rights, each tied to the cash value of one share."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust."
FAQ
What did James Phillip Holloman report in this Form 4 for BLW?
James Phillip Holloman reported receiving 744.17 Performance Rights linked to BlackRock Limited Duration Income Trust. These rights are a compensation award, not an open-market purchase, and increase his total reported Performance Rights holdings to 16,857.00 after the transaction.
Are the BLW Performance Rights granted to Holloman settled in stock or cash?
The Performance Rights granted to Holloman are settled entirely in cash, not in stock. Each right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust at the deferral period he previously chose under the deferred compensation plan.
How many BLW Performance Rights does Holloman hold after this transaction?
After this transaction, Holloman is reported to hold 16,857.00 Performance Rights. This total includes the newly granted 744.17 rights accrued under the BlackRock Deferred Compensation Plan and reflects his direct derivative compensation position in the trust.
What is the economic value reference for each BLW Performance Right?
Each Performance Right is tied to the cash value of one share of BlackRock Limited Duration Income Trust. When settled, Holloman receives cash equal to the then-current value of one BLW share for each right, rather than receiving actual common stock shares.
Was this BLW Form 4 transaction a market buy or sell of common stock?
This Form 4 does not show a market buy or sell of BLW common stock. Instead, it reports a grant of 744.17 Performance Rights as compensation, which are cash-settled derivative awards under the BlackRock Deferred Compensation Plan, held directly by Holloman.
Under what plan were Holloman’s BLW Performance Rights accrued?
Holloman’s Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan allows compensation to be deferred into Performance Rights that later settle 100% in cash, based on the value of BlackRock Limited Duration Income Trust shares at the chosen deferral date.