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Director at BlackRock Ltd Duration (NYSE: BLW) gets cash-settled award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

BLACKROCK Limited Duration Income Trust director James Phillip Holloman received a grant of 735.080 Performance Rights tied to the trust’s common stock value. The award was accrued under the BlackRock Deferred Compensation Plan and increases his holdings to 15,687.390 Performance Rights.

Each Performance Right represents the cash value of one BLW share and has a conversion price of $12.6000 per right. The Performance Rights will be settled 100% in cash at a future deferral period chosen by Holloman, so they do not represent current share ownership.

Positive

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Negative

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Insider Holloman James Phillip
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 735.08 $12.60 $9K
Holdings After Transaction: Performance Rights — 15,687.39 shares (Direct)
Footnotes (1)
  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.
Performance Rights granted 735.080 rights Grant on 2026-04-01 under Deferred Compensation Plan
Reference price per right $12.6000 per right Transaction price for the 735.080 Performance Rights
Total Performance Rights after grant 15,687.390 rights Holdings following the reported transaction
Conversion ratio 1 right : cash value of 1 share Each Performance Right tied to one BLW common share
Settlement method 100% cash Performance Rights settled in cash at chosen deferral period
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."
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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*
Holloman James Phillip
(Last)(First)(Middle)
50 HUDSON YARDS
(Street)
NEW YORK NEW YORK 10001
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
BLACKROCK Ltd DURATION INCOME TRUST [ BLW ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Rights(1)(2)04/01/2026A735.08 (3) (3)Common Stock735.08$12.615,687.39D
Explanation of Responses:
1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
2. One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
/s/ Gladys Chang as Attorney-in-Fact04/03/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BLW director James Phillip Holloman report?

Director James Phillip Holloman reported receiving 735.080 Performance Rights. These rights were granted as part of the BlackRock Deferred Compensation Plan and are tied to the cash value of BlackRock Limited Duration Income Trust common shares, rather than delivering actual stock.

How many Performance Rights tied to BLW does Holloman now hold after this grant?

After this grant, Holloman holds a total of 15,687.390 Performance Rights. This total reflects his accumulated deferred compensation awards, each linked to the cash value of one BlackRock Limited Duration Income Trust share rather than direct share ownership or voting rights.

Are the BLW Performance Rights granted to Holloman settled in stock or cash?

The Performance Rights are settled 100% in cash. Each right converts into the cash value of one BlackRock Limited Duration Income Trust share at the chosen deferral period, meaning Holloman receives a cash payment instead of shares when settlement occurs.

What does one Performance Right represent for BLW in this Form 4 filing?

One Performance Right is convertible into the cash value of one BLW share. This means the economic value tracks the trust’s common stock price, but the award ultimately pays out in cash instead of granting Holloman actual shares of the trust.

At what reference price were the BLW Performance Rights valued in this grant?

The grant reflects a transaction price of $12.6000 per Performance Right. This price is used to value the 735.080 rights in the award, aligning each right’s economic exposure with the underlying BlackRock Limited Duration Income Trust common stock value.

When will Holloman receive cash from his BLW Performance Rights award?

The Performance Rights will be settled in cash at a deferral period chosen by Holloman. The filing notes that settlement occurs 100% in cash in the future, based on his selected deferral timing under the BlackRock Deferred Compensation Plan.