Lorenzo Flores granted 796.7 performance rights in BlackRock Limited Duration Income Trust (BLW)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flores Lorenzo reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK Limited Duration Income Trust director Lorenzo Flores received a grant of 796.7 Performance Rights. These rights were accrued under the BlackRock Deferred Compensation Plan and are linked to the cash value of one BLW common share per right. They will be settled 100% in cash at the deferral period chosen by Flores, and his holdings after this award total 16,308.49 Performance Rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flores Lorenzo
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 796.7 | $12.46 | $10K |
Holdings After Transaction:
Performance Rights — 16,308.49 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: 796.7 rights
Implied reference price per right: $12.46 per right
Total Performance Rights after grant: 16,308.49 rights
+2 more
5 metrics
Performance Rights granted
796.7 rights
Grant on 2026-07-01 under deferred compensation plan
Implied reference price per right
$12.46 per right
Transaction price per underlying BLW-linked Performance Right
Total Performance Rights after grant
16,308.49 rights
Holdings following the 796.7-right award
Conversion price
$0.00
Performance Rights convertible into cash value of one BLW share
Underlying security
796.7 BLW-equivalent shares
Each right equals cash value of one BLW common share
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."
FAQ
What insider transaction did BLW director Lorenzo Flores report on this Form 4?
Director Lorenzo Flores reported receiving 796.7 Performance Rights tied to BLW’s common stock. The grant is a compensation-related award, not an open-market trade, and increases his total Performance Rights position to 16,308.49 units after the transaction.
What plan governs the Performance Rights granted to the BLW director?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan provides compensation in the form of cash-settled rights whose value mirrors BLW shares, allowing the director to defer compensation and receive future cash payments based on share values.
How many BLW-linked Performance Rights does Lorenzo Flores hold after this grant?
After receiving 796.7 additional Performance Rights, Lorenzo Flores holds 16,308.49 Performance Rights in total. Each right corresponds to the cash value of one BLW share, providing deferred, cash-settled exposure rather than direct ownership of the fund’s common stock.
Does this BLW Form 4 show any insider buying or selling in the market?
The Form 4 does not show market purchases or sales; it reflects a grant of 796.7 Performance Rights as compensation. These rights are cash-settled and accrued under a deferred compensation plan, so no BLW shares were bought or sold in the open market.