Director at BlackRock Ltd Duration (BLW) receives cash-settled performance rights grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harris Stayce D. reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK Limited Duration Income Trust director Stayce D. Harris received a grant of 691.64 Performance Rights. These were accrued under the BlackRock Deferred Compensation Plan and are linked to the cash value of an equal number of common shares.
One Performance Right corresponds to the cash value of one share of BlackRock Limited Duration Income Trust and will be settled 100% in cash at the deferral period chosen by the director. Following this grant, Harris holds a total of 15,778.65 Performance Rights, reflecting a compensation-related award rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Stayce D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 691.64 | $12.46 | $9K |
Holdings After Transaction:
Performance Rights — 15,778.65 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: 691.64 rights
Total Performance Rights after grant: 15,778.65 rights
Reference price per right: $12.46 per right
+1 more
4 metrics
Performance Rights granted
691.64 rights
Grant under BlackRock Deferred Compensation Plan on 2026-07-01
Total Performance Rights after grant
15,778.65 rights
Holdings following reported transaction
Reference price per right
$12.46 per right
Transaction price per Performance Right
Underlying common stock
691.64 shares equivalent
One Performance Right equals cash value of one BLW share
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period, 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."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust."
FAQ
What insider transaction did BLW director Stayce D. Harris report?
Director Stayce D. Harris reported receiving 691.64 Performance Rights as a compensation award. These rights were accrued under the BlackRock Deferred Compensation Plan and are tied to the cash value of BlackRock Limited Duration Income Trust common shares rather than direct stock ownership.
How do the Performance Rights reported for BLW work?
Each Performance Right is linked to the cash value of one share of BlackRock Limited Duration Income Trust. They will be settled entirely in cash at the deferral period chosen by the reporting person, making this a cash-settled compensation arrangement instead of delivering actual shares.
Did the BLW insider Form 4 show any stock purchases or sales?
The Form 4 shows a grant of Performance Rights classified as an acquisition, not an open-market purchase or sale of common stock. The rights are part of a deferred compensation plan and will be paid in cash based on the value of BLW shares.
How many Performance Rights does the BLW director hold after this grant?
After receiving 691.64 new Performance Rights, director Stayce D. Harris holds a total of 15,778.65 Performance Rights. This total reflects deferred compensation linked to BLW’s share value, with settlement to occur in cash at the chosen deferral period.
What is the settlement method for the BLW Performance Rights?
The Performance Rights will be settled 100% in cash at the deferral period selected by the reporting person. Settlement is based on the cash value of equivalent BLW shares, so the award tracks share value without granting direct voting or investment authority in the stock.