BlackRock Ltd Duration (NYSE: BLW) director receives 980.56 cash-settled Performance Rights
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 980.56 | $12.46 | $12K |
Footnotes (3)
- F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
- F2. One Performance Right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
- F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Key Terms
Performance Rights financial
BlackRock Deferred Compensation Plan financial
convertible into the cash value financial
deferral period financial
FAQ
What did BLW director Robert Glenn Hubbard report in this Form 4?
How many Performance Rights did the BLW director receive and at what reference value?
How large is Robert Glenn Hubbard’s Performance Rights position after this grant?
Are the BLW Performance Rights settled in stock or in cash?
Under what plan were these BLW Performance Rights accrued?
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