BlackRock Ltd Duration (NYSE: BLW) director receives 980.56 cash-settled Performance Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUBBARD ROBERT GLENN reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK Limited Duration Income Trust director Robert Glenn Hubbard reported a compensation-related award of derivative securities. On July 1, 2026, he received 980.56 Performance Rights, each tied to the value of one share of the trust’s common stock.
The award was accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a deferral date he selected, rather than in actual shares. Following this grant, his directly held Performance Rights position increased to 74,507.38 units, reflecting a routine adjustment to deferred compensation rather than an open-market stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUBBARD ROBERT GLENN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 980.56 | $12.46 | $12K |
Holdings After Transaction:
Performance Rights — 74,507.38 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: 980.56 units
Reference value per unit: $12.46
Total Performance Rights after grant: 74,507.38 units
+2 more
5 metrics
Performance Rights granted
980.56 units
Grant on July 1, 2026
Reference value per unit
$12.46
Transaction price per Performance Right
Total Performance Rights after grant
74,507.38 units
Holdings following transaction
Underlying common stock reference
980.56 shares
Underlying security per new grant
Conversion price
$0.00
Performance Rights conversion/exercise price
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, convertible into the cash value, deferral period
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"
deferral period financial
"to be settled 100% in cash at the deferral period chosen by the reporting person"
FAQ
What did BLW director Robert Glenn Hubbard report in this Form 4?
He reported receiving 980.56 Performance Rights as compensation. These derivative units track the value of BLACKROCK Limited Duration Income Trust common stock and are part of his deferred compensation arrangements, not an open-market share purchase or sale.
How many Performance Rights did the BLW director receive and at what reference value?
He received 980.56 Performance Rights with a reference value of $12.46 per unit. Each right represents the cash value of one BLW common share, aligning his deferred compensation with the trust’s share performance over time.
How large is Robert Glenn Hubbard’s Performance Rights position after this grant?
After the July 1, 2026 award, his direct holdings total 74,507.38 Performance Rights. This reflects accumulated deferred compensation tied to BLACKROCK Limited Duration Income Trust’s share value, rather than current ownership of the underlying common stock.
Are the BLW Performance Rights settled in stock or in cash?
They are settled 100% in cash at the deferral period chosen by the director. Although each Performance Right references the value of one BLW common share, the plan specifies cash settlement instead of delivering actual shares.
Under what plan were these BLW Performance Rights accrued?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan lets participants defer compensation into units tied to BLACKROCK Limited Duration Income Trust’s share value, with future cash settlement based on that value.