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BlackRock Ltd Duration Income Trust (NYSE: BLW) director receives cash-settled Performance Rights

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

Rhea-AI Filing Summary

BLACKROCK Limited Duration Income Trust director Carl W. Kester reported an acquisition of 9.14 Performance Rights linked to the trust’s common stock. The rights were accrued under the BlackRock Deferred Compensation Plan, each representing the cash value of one share and to be settled 100% in cash at a deferral period he chooses. Following this grant, Kester holds 29,710.24 Performance Rights in total.

Positive

  • None.

Negative

  • None.
Insider KESTER W CARL
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights F1, F2, F3 9.14 $12.53 $114.52
Holdings After Transaction: Performance Rights — 29,710.24 shares (Direct)
Footnotes (3)
  1. F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  2. F2. One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
  3. F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Performance Rights granted 9.14 Performance Rights Grant of derivative awards on 2026-08-03
Transaction price per right $12.53 Reported price per Performance Right for this grant
Total Performance Rights after grant 29,710.24 Performance Rights Holdings following the reported transaction
Underlying security shares 9.14 shares Each Performance Right tied to one share of common stock
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"

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FAQ

What did BLACKROCK Ltd Duration Income Trust (BLW) director Carl W. Kester report on this Form 4?
Carl W. Kester reported an acquisition of 9.14 Performance Rights tied to BLW common stock. These derivative awards were accrued under the BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 29,710.24.

How many Performance Rights linked to BLW did Carl W. Kester acquire and at what price?
Carl W. Kester acquired 9.14 Performance Rights with a reported transaction price of $12.53 per right. Each Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust common stock.

What is Carl W. Kester’s total Performance Rights position in BLW after this transaction?
After the reported grant, Carl W. Kester holds 29,710.24 Performance Rights in total. These rights are cash-settled derivatives whose value tracks BLW common shares, rather than being actual share ownership positions.

How are the BLW Performance Rights held by Carl W. Kester settled?
The Performance Rights are to be settled 100% in cash. Settlement occurs at the deferral period chosen by the reporting person, and each Performance Right corresponds to the cash value of one share of BlackRock Limited Duration Income Trust.

Are Carl W. Kester’s BLW Performance Rights part of a deferred compensation arrangement?
Yes. The filing states the Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This indicates they are granted as part of a deferred compensation structure rather than as immediate share-based compensation.

Was Carl W. Kester’s BLW Performance Rights transaction under a Rule 10b5-1 trading plan?
The Form 4’s Rule 10b5-1 checkbox is not marked as affirmed for this transaction. The filing therefore does not characterize this Performance Rights grant as executed pursuant to a Rule 10b5-1 trading plan.
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)
08/03/2026		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)08/03/2026A9.14 (3) (3)Common Stock9.14$12.5329,710.24D
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-Fact08/05/2026
** 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