BlackRock Enhanced Large Cap Core (NYSE: CII) grants director cash-settled Performance Rights
Rhea-AI Filing Summary
Steinmetz Arthur Philip reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Large Cap Core Fund, Inc. director Arthur Philip Steinmetz received a grant of cash-settled Performance Rights on August 3, 2026. The award covers 11.960 Performance Rights, each economically linked to the value of one share of common stock and credited at $24.510 per right.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a deferral period chosen by Steinmetz, rather than in fund shares. After this grant, he directly holds a total of 4029.740 Performance Rights tied to the fund’s common stock value.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Steinmetz Arthur Philip
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights F1, F2, F3 | 11.96 | $24.51 | $293.14 |
Holdings After Transaction:
Performance Rights — 4,029.74 shares (Direct)
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 Enhanced Large Cap Core Fund, Inc.
- F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Performance Rights granted: 11.960 rights
Per-right credited value: $24.510 per Performance Right
Total Performance Rights after grant: 4029.740 rights
+1 more
4 metrics
Performance Rights granted
11.960 rights
Grant of cash-settled Performance Rights on August 3, 2026
Per-right credited value
$24.510 per Performance Right
Transaction price per Performance Right for the August 3, 2026 grant
Total Performance Rights after grant
4029.740 rights
Director’s direct holdings of Performance Rights following the reported transaction
Underlying share linkage
1 share per Performance Right
Each Performance Right is convertible into the cash value of one share of common stock
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period
3 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"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Arthur Philip Steinmetz report at CII?
Arthur Philip Steinmetz reported receiving a grant of 11.960 cash-settled Performance Rights tied to BlackRock Enhanced Large Cap Core Fund, Inc. common stock. The grant is part of a deferred compensation arrangement and increases his total Performance Rights holdings to 4029.740.
How many Performance Rights does the CII director hold after this Form 4?
Following the reported grant, Arthur Philip Steinmetz holds 4029.740 Performance Rights. Each right is linked to the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc. common stock and is payable in cash at his chosen deferral date.
What is the value per Performance Right in the CII Form 4 filing?
Each Performance Right in the reported grant is credited at $24.510 per right. These rights reference the value of one share of BlackRock Enhanced Large Cap Core Fund, Inc. common stock but are structured to be settled entirely in cash under the deferred compensation plan.
Are the CII Performance Rights settled in stock or cash?
The Performance Rights are settled 100% in cash, not in fund shares. Each right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc., payable at the deferral period selected by Arthur Philip Steinmetz.
Under what plan were the Performance Rights in the CII Form 4 accrued?
The reported Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan credits Performance Rights tied to the fund’s common stock value and provides for cash settlement at a future deferral period chosen by the reporting person.
Was the CII insider grant reported as part of a Rule 10b5-1 plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as an affirmative trading plan. The transaction is reported simply as a grant or award acquisition of Performance Rights under a deferred compensation arrangement.