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  4. [Form 4] BLACKROCK Ltd DURATION INCOME TRUST Insider Trading Activity

BlackRock Ltd Duration (BLW) director awarded 93.69 cash-settled rights

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

Rhea-AI Filing Summary

KESTER W CARL reported acquisition or exercise transactions in this Form 4 filing.

BLACKROCK Limited Duration Income Trust director Carl W. Kester received a grant of Performance Rights as part of deferred compensation. On this Form 4, he was awarded 93.6900 Performance Rights at a reference price of $12.6000, bringing his reported holdings to 28,575.7700 Performance Rights.

Each Performance Right is accrued under the BlackRock Deferred Compensation Plan and is convertible into the cash value of one share of BlackRock Limited Duration Income Trust. The Performance Rights will be settled 100% in cash at the deferral period chosen by Kester, rather than through delivery of fund shares.

Positive

  • None.

Negative

  • None.
Insider KESTER W CARL
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 93.69 $12.60 $1K
Holdings After Transaction: Performance Rights — 28,575.77 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 93.6900 rights Grant/award acquisition on 2026-04-01
Reference price per right $12.6000 Transaction price per Performance Right
Total Performance Rights held 28,575.7700 rights Holdings following the reported transaction
Underlying security shares per right 1 share Each Performance Right references the cash value of one BLW share
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."
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*
KESTER W CARL
(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)04/01/2026A93.69 (3) (3)Common Stock93.69$12.628,575.77D
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 Carl W. Kester report?

Director Carl W. Kester reported an acquisition of 93.6900 Performance Rights. These were granted under a deferred compensation plan and reference a $12.6000 value per right, increasing his total reported Performance Rights holdings to 28,575.7700 according to the Form 4 filing.

Are the BLW Performance Rights an open-market stock purchase?

No, the BLW Performance Rights are not an open-market stock purchase. They are a grant under the BlackRock Deferred Compensation Plan and are settled entirely in cash based on the value of one share of BLW at a future deferral period.

How many Performance Rights in BLW does Carl W. Kester now hold?

After this grant, Carl W. Kester is reported to hold 28,575.7700 Performance Rights. This total reflects the new 93.6900-unit award and represents his direct position in these cash-settled instruments linked to BLW’s share value under the deferred compensation framework.

What does each BLW Performance Right represent for Carl W. Kester?

Each Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust. Instead of delivering stock, the plan pays cash based on the share’s value when the chosen deferral period ends, aligning compensation with future fund performance.

When will Carl W. Kester receive cash from the BLW Performance Rights?

The Performance Rights will be settled 100% in cash at the deferral period selected by Carl W. Kester. The exact timing depends on the deferral choice he made under the BlackRock Deferred Compensation Plan rather than a fixed date specified in the transaction summary.