Director at BlackRock Ltd Duration (BLW) receives cash-settled performance rights grant
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 691.64 | $12.46 | $9K |
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
deferral period financial
cash value financial
FAQ
What insider transaction did BLW director Stayce D. Harris report?
How do the Performance Rights reported for BLW work?
Did the BLW insider Form 4 show any stock purchases or sales?
How many Performance Rights does the BLW director hold after this grant?
What is the settlement method for the BLW Performance Rights?
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