BLW (NYSE: BLW) director receives 894.78 cash-settled Performance Rights grant

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

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.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Steinmetz Arthur Philip

Role null

Type	Security	Shares	Price	Value
Grant/Award	Performance Rights	894.78	$12.46	$11K

Holdings After Transaction: Performance Rights — 10,613.79 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: 894.78 units Reference price per right: $12.46 per unit Total Performance Rights after grant: 10,613.79 units +2 more

5 metrics

Performance Rights granted 894.78 units Grant on July 1, 2026 under deferred compensation plan

Reference price per right $12.46 per unit Value basis used for the Performance Rights grant

Total Performance Rights after grant 10,613.79 units Holdings reported following the transaction

Underlying security 894.78 BLW common shares Each Performance Right linked to one BLW share

Transaction code A (Grant, award, or other acquisition) Indicates compensation-related acquisition of derivative rights

Key Terms

Performance Rights, BlackRock Deferred Compensation Plan, convertible into the cash value, settled 100% in cash

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."

convertible into the cash value financial

"One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust."

settled 100% in cash financial

"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/06/2026 - 06:08 PM Accepted by SEC EDGAR 07/06/2026 - 06:08 PM

FAQ

What insider transaction did BLW director Arthur Philip Steinmetz report?

Arthur Philip Steinmetz reported receiving 894.78 Performance Rights linked to BLACKROCK Limited Duration Income Trust common stock. These rights were granted under a deferred compensation plan and increase his reported Performance Rights holdings to 10,613.79 units after the transaction.

Are Arthur Philip Steinmetz’s new BLW Performance Rights paid in stock or cash?

The Performance Rights are economically linked to BLW common stock but are settled 100% in cash. At settlement, Steinmetz receives the cash value of the number of BLW shares underlying his rights, rather than actual shares of the trust.

How many BLW Performance Rights does Arthur Philip Steinmetz hold after this grant?

After the July 1, 2026 grant, Steinmetz is reported to hold 10,613.79 Performance Rights. Each right represents the cash value of one BLW common share, giving him a deferred, cash-settled exposure to the trust’s share price performance.

What is the value basis used for the 894.78 BLW Performance Rights grant?

The grant references a price of $12.46 per Performance Right, matching the value basis per underlying BLW share. This figure is used to determine the notional value of the award under the BlackRock Deferred Compensation Plan.

What is the BlackRock Deferred Compensation Plan mentioned in the BLW Form 4?

The BlackRock Deferred Compensation Plan is the program under which Steinmetz’s Performance Rights were accrued. It allows compensation to be deferred, with future cash payments tied to the value of BLW shares rather than immediate cash or stock delivery.

Do the BLW Performance Rights give Arthur Philip Steinmetz voting power?

The filing states that each Performance Right is convertible into the cash value of one BLW share and will be settled entirely in cash. It describes economic exposure, not voting or investment authority over actual BLW common stock.

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

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^*

Steinmetz Arthur Philip

(Last)

(First)

(Middle)

50 HUDSON YARDS

(Street)

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)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Rights⁽¹⁾	⁽²⁾	07/01/2026		A		894.78		⁽³⁾	⁽³⁾	Common Stock	894.78	$12.46	10,613.79	D

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-Fact	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR