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  4. [Form 4] BLACKROCK Ltd DURATION INCOME TRUST Insider Trading Activity

Director Carl W. Kester receives cash-settled performance rights in BlackRock (NYSE: BLW)

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

Rhea-AI Filing Summary

KESTER W CARL reported acquisition or exercise transactions in this Form 4 filing.

BLACKROCK Limited Duration Income Trust director Carl W. Kester received 84.66 Performance Rights as compensation. These rights were granted on July 1, 2026 under the BlackRock Deferred Compensation Plan and are a form of cash-settled incentive tied to the trust’s common stock value.

Each Performance Right corresponds to the cash value of one share of BlackRock Limited Duration Income Trust and will be settled 100% in cash at a future deferral date chosen by Kester. Following this grant, he now holds a total of 29,435.39 Performance Rights, reinforcing his compensation alignment with the fund’s performance rather than reflecting an open-market stock purchase or sale.

Positive

  • None.

Negative

  • None.
Insider KESTER W CARL
Role null
Type Security Shares Price Value
Grant/Award Performance Rights 84.66 $12.46 $1K
Holdings After Transaction: Performance Rights — 29,435.39 shares (Direct, null)
Footnotes (1)
  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.
Performance Rights granted 84.66 rights Grant on July 1, 2026 under BlackRock Deferred Compensation Plan
Price reference per right $12.46 per right Transaction price per underlying share for the July 1, 2026 grant
Total Performance Rights after grant 29,435.39 rights Holdings following the July 1, 2026 Performance Rights award
Conversion ratio 1 right : 1 share cash value Each Performance Right equals cash value of one BLW common share
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 of one share 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."
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Form 4 Insider Transactions: What Each Field Means →

FAQ

What did Carl W. Kester acquire in this BlackRock (BLW) Form 4 filing?
Carl W. Kester received 84.66 Performance Rights linked to BlackRock Limited Duration Income Trust. These are compensation awards, not open-market share purchases, and give him cash based on the value of an equivalent number of BLW shares at settlement.

Are the BLW Performance Rights granted to Carl W. Kester settled in stock or cash?
The Performance Rights are settled 100% in cash, not in BLW shares. Each right pays the cash value of one BlackRock Limited Duration Income Trust share at the chosen deferral date, making this a cash-settled incentive rather than direct stock ownership.

How many Performance Rights does Carl W. Kester hold after this BLW transaction?
After the July 1, 2026 grant of 84.66 Performance Rights, Carl W. Kester holds 29,435.39 Performance Rights. This total reflects his accumulated cash-settled awards tied to the value of BlackRock Limited Duration Income Trust common shares over time.

Does this BLW Form 4 show Carl W. Kester buying or selling common stock?
No, the filing reports a grant of Performance Rights, not a stock trade. These rights are derivative compensation instruments, settled entirely in cash based on BLW’s share value, so there is no direct open-market buying or selling of common shares.

What plan governs the Performance Rights reported for BlackRock (BLW) director Carl W. Kester?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan allows compensation to be deferred and linked to the cash value of BlackRock Limited Duration Income Trust shares, with settlement at a future date selected by the reporting person.
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)
07/01/2026		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)07/01/2026A84.66 (3) (3)Common Stock84.66$12.4629,435.39D
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-Fact07/06/2026
** 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