Director at BlackRock Ltd (NYSE: BLW) granted cash-settled rights
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 reported receiving a grant of 683.1900 Performance Rights on April 1, 2026. The filing shows a reference price of $12.6000 per right, bringing her total reported Performance Rights holdings to 14,688.6500.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. Each right is convertible into the cash value of one common share of BlackRock Limited Duration Income Trust and will be settled 100% in cash at a deferral period chosen by Harris, so this is a cash-settled compensation 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
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 683.19 | $12.60 | $9K |
Holdings After Transaction:
Performance Rights — 14,688.65 shares (Direct)
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: 683.1900 rights
Transaction price per right: $12.6000 per Performance Right
Total Performance Rights after grant: 14,688.6500 rights
+2 more
5 metrics
Performance Rights granted
683.1900 rights
Award on April 1, 2026
Transaction price per right
$12.6000 per Performance Right
Grant reference price
Total Performance Rights after grant
14,688.6500 rights
Holdings following transaction
Conversion ratio
1 right : cash value of 1 share
Each Performance Right tracks one BLW common share
Settlement form
100% in cash
Settlement at deferral period chosen by reporting person
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?
Stayce D. Harris reported receiving 683.1900 Performance Rights as a grant. These rights were awarded on April 1, 2026, under a deferred compensation plan and are linked to the cash value of BlackRock Limited Duration Income Trust common shares.
How many Performance Rights in BLW does Stayce D. Harris hold after this grant?
After the April 1, 2026 grant, Stayce D. Harris holds 14,688.6500 Performance Rights. This total reflects the newly awarded 683.1900 rights added to her existing deferred compensation position in BlackRock Limited Duration Income Trust.
What are Performance Rights in the context of BLW?
Performance Rights are deferred compensation instruments linked to BLW’s share value. One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust, providing a cash-based economic exposure instead of direct share ownership.
How will the BLW Performance Rights granted to Harris be settled?
The Performance Rights will be settled 100% in cash. Settlement occurs at the deferral period chosen by Stayce D. Harris, meaning she will receive the cash value of the linked BLW shares rather than stock when the deferral period ends.
At what reference price were the BLW Performance Rights granted?
The reported reference price for the Performance Rights grant is $12.6000 per right. This price is shown in the Form 4 as the transaction price per Performance Right for the April 1, 2026 award under the deferred compensation plan.
Are the BLW Performance Rights an open-market stock purchase or sale?
No, the Performance Rights are a compensation grant, not an open-market trade. They were accrued under the BlackRock Deferred Compensation Plan and will be settled entirely in cash, based on the value of BlackRock Limited Duration Income Trust shares.