CII (CII) director Robert Glenn Hubbard granted 330.71 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 Enhanced Large Cap Core Fund, Inc. director Robert Glenn Hubbard received a grant of 330.71 Performance Rights on April 1, 2026 under the BlackRock Deferred Compensation Plan. These rights are a form of cash-based compensation, not an open-market stock purchase.
Each Performance Right represents the cash value of one share of the fund’s common stock and will be settled 100% in cash at a future deferral date chosen by Hubbard. Following this grant, he holds a total of 13,574.82 Performance Rights directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUBBARD ROBERT GLENN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 330.71 | $21.48 | $7K |
Holdings After Transaction:
Performance Rights — 13,574.82 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 Enhanced Large Cap Core Fund, Inc. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Performance Rights granted: 330.71 rights
Implied reference price: $21.48 per right
Total Performance Rights held: 13,574.82 rights
+1 more
4 metrics
Performance Rights granted
330.71 rights
Grant on April 1, 2026
Implied reference price
$21.48 per right
Transaction price per Performance Right
Total Performance Rights held
13,574.82 rights
Holdings following the April 1, 2026 grant
Underlying common stock link
1 right = cash value of 1 share
Economic exposure to CII common stock
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, cash value of one share, settled 100% in cash
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."
settled 100% in cash financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
FAQ
What did the Form 4 for BlackRock Enhanced Large Cap Core Fund (CII) report for Robert Glenn Hubbard?
The Form 4 shows Robert Glenn Hubbard received 330.71 Performance Rights as compensation. These rights were granted on April 1, 2026, under the BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 13,574.82, all held directly.
Are the 330.71 Performance Rights in CII a stock purchase by Robert Glenn Hubbard?
No, the 330.71 Performance Rights are a compensation grant, not a stock purchase. They are accrued under the BlackRock Deferred Compensation Plan and represent a right to receive cash equal to the value of CII common shares at settlement.
How are Robert Glenn Hubbard’s CII Performance Rights settled according to the Form 4?
The Performance Rights will be settled 100% in cash at the deferral period Hubbard selects. Each right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc., rather than delivering actual shares of common stock.
What is the relationship between CII Performance Rights and CII common stock?
Each CII Performance Right is tied economically to one share of CII common stock. The Form 4 states one Performance Right is convertible into the cash value of one common share, providing cash-based exposure to the fund’s share value instead of direct share ownership.
What is Robert Glenn Hubbard’s total position in CII Performance Rights after this grant?
After receiving 330.71 additional Performance Rights, Hubbard holds 13,574.82 Performance Rights directly. This figure reflects his total Performance Rights position as reported in the Form 4 following the April 1, 2026 deferred compensation grant.