BLW director granted 894.78 cash-settled rights
Steinmetz Arthur Philip reported acquisition or exercise transactions in this Form 4 filing.
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 894.78 Performance Rights tied to the trust’s common stock. The rights were accrued under the BlackRock Deferred Compensation Plan and are convertible into the cash value of an equal number of BLW shares, but will be settled 100% in cash at a future deferral date chosen by Steinmetz. Following this award, his reported Performance Rights position is 10,613.79 units.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 894.78 | $12.46 | $11K |
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
Key Terms
Performance Rights financial
BlackRock Deferred Compensation Plan financial
convertible into the cash value financial
settled 100% in cash financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did BLW director Arthur Philip Steinmetz report?
Are Arthur Philip Steinmetz’s new BLW Performance Rights paid in stock or cash?
How many BLW Performance Rights does Arthur Philip Steinmetz hold after this grant?
What is the value basis used for the 894.78 BLW Performance Rights grant?
What is the BlackRock Deferred Compensation Plan mentioned in the BLW Form 4?
Do the BLW Performance Rights give Arthur Philip Steinmetz voting power?
AI-generated analysis. How Rhea-AI works. Not financial advice.