BlackRock Enhanced fund director gets cash rights grant
BlackRock Enhanced Large Cap Core Fund, Inc. director Arthur Philip Steinmetz received a grant of Performance Rights as part of deferred compensation.
Rhea-AI Filing Summary
BlackRock Enhanced Large Cap Core Fund, Inc. director Arthur Philip Steinmetz received a grant of Performance Rights as part of deferred compensation. On the reported date, he was awarded 250.270 Performance Rights, each initially valued at $25.7700 and linked to the value of one share of the fund’s common stock.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and are designed to be settled 100% in cash, not in shares, at a deferral period chosen by Steinmetz. Following this grant, he holds a total of 3,994.420 Performance Rights, reflecting a routine, compensation-related acquisition 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 | 250.27 | $25.77 | $6K |
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
Key Terms
Performance Rights financial
BlackRock Deferred Compensation Plan financial
deferral period financial
underlying security financial
FAQ
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What did Arthur Philip Steinmetz receive in this BlackRock CII Form 4 filing?
Are the Performance Rights in BlackRock CII settled in stock or cash?
How many Performance Rights does the BlackRock CII director hold after this grant?
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