BlackRock Enhanced Large Cap (NYSE: CII) director awarded cash-settled Performance Rights
Rhea-AI Filing Summary
KESTER W CARL reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Large Cap Core Fund, Inc. director Carl W. Kester received a grant of 2.7100 Performance Rights, recorded at $24.5100 per right and referencing common stock of the fund. These Performance Rights were accrued under a BlackRock Deferred Compensation Plan and are convertible into the cash value of one common share each.
The Performance Rights are to be settled 100% in cash at the deferral period chosen by Kester, rather than in actual shares. Following this award, he holds a total of 3421.9000 Performance Rights directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KESTER W CARL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights F1, F2, F3 | 2.71 | $24.51 | $66.42 |
Holdings After Transaction:
Performance Rights — 3,421.9 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: 2.7100 Performance Rights
Grant price per Performance Right: $24.5100 per right
Total Performance Rights after grant: 3421.9000 Performance Rights
+1 more
4 metrics
Performance Rights granted
2.7100 Performance Rights
Grant of Performance Rights to director Carl W. Kester on 2026-08-03
Grant price per Performance Right
$24.5100 per right
Recorded transaction price per Performance Right for this award
Total Performance Rights after grant
3421.9000 Performance Rights
Direct Performance Rights position following the reported transaction
Underlying common shares per right
1 share cash value per Performance Right
Each right is convertible into the cash value of one common share
Key Terms
Performance Rights, Deferred Compensation Plan, cash value, underlying security
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.
Deferred Compensation Plan financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
A deferred compensation plan is an arrangement where an employer agrees to pay part of an employee’s pay or bonus at a later date instead of immediately, often to reduce current tax bills or to tie rewards to long-term performance. For investors it matters because these promises create future cash obligations and influence executive incentives and retention; they can affect a company’s reported liabilities, cash flow planning and the risk profile if the business faces financial trouble.
cash value financial
"One Performance Right is convertible into the cash value of one share"
Cash value is the amount of money you could get right away if an asset or contract were converted to cash or surrendered, after any fees or penalties. Think of it like the cash you could pull out of a savings jar when you need it; for investors it signals how much immediate liquidity or recoverable worth exists in an investment, insurance policy, or balance-sheet item.
underlying security financial
"underlying_security_title": "Common Stock""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did CII report for Carl W. Kester?
Carl W. Kester received 2.7100 Performance Rights linked to BlackRock Enhanced Large Cap Core Fund, Inc. Each right is recorded at $24.5100 and represents the cash value of one common share, granted under a deferred compensation plan.
How many Performance Rights does the CII director hold after this Form 4 transaction?
After the latest grant, Carl W. Kester directly holds 3421.9000 Performance Rights. These rights are accrued under the BlackRock Deferred Compensation Plan and each is tied to the cash value of one common share of BlackRock Enhanced Large Cap Core Fund, Inc.
Are the CII Performance Rights granted to Carl W. Kester settled in stock or cash?
The Performance Rights are settled 100% in cash, not in stock. Each right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc., at a deferral period chosen by the reporting person.
What is the reference price for the CII Performance Rights granted to the director?
The grant was recorded at $24.5100 per Performance Right. Each right corresponds to the cash value of one common share of BlackRock Enhanced Large Cap Core Fund, Inc., as part of a deferred compensation arrangement for the director.
What plan governs the Performance Rights reported in CII's Form 4 filing?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. Under this plan, each right reflects the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc., payable in cash at the chosen deferral date.