Deferred cash performance rights granted at BlackRock Enhanced (NYSE: CII)
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Steinmetz Arthur Philip
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 250.27 | $25.77 | $6K |
Holdings After Transaction:
Performance Rights — 3,994.42 shares (Direct, null)
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: 250.270 rights
Reference value per right: $25.7700 per right
Total rights after grant: 3,994.420 rights
+1 more
4 metrics
Performance Rights granted
250.270 rights
Grant/award acquisition on 2026-07-01
Reference value per right
$25.7700 per right
Associated value for Performance Rights grant
Total rights after grant
3,994.420 rights
Holdings following the reported transaction
Underlying security
250.270 common shares equivalent
Each Performance Right linked to one common share
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period, 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.
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 by the reporting person."
underlying security financial
"underlying_security_title": "Common Stock","underlying_security_shares": "250.2700""
FAQ
What did Arthur Philip Steinmetz receive in this BlackRock CII Form 4 filing?
Arthur Philip Steinmetz received 250.270 Performance Rights linked to BlackRock Enhanced Large Cap Core Fund, Inc. Each right reflects the cash value of one common share and is part of a deferred compensation arrangement, not an open-market stock purchase or sale.
Are the Performance Rights in BlackRock CII settled in stock or cash?
The Performance Rights are settled 100% in cash. They are accrued under the BlackRock Deferred Compensation Plan and each right tracks the cash value of one common share, payable at the deferral period chosen by the reporting person instead of delivering actual fund shares.
How many Performance Rights does the BlackRock CII director hold after this grant?
After this grant, the director holds 3,994.420 Performance Rights. The reported transaction added 250.270 rights on top of his prior balance, all of which represent cash-settled entitlements tied to the value of BlackRock Enhanced Large Cap Core Fund, Inc. common shares.
What is the initial value per Performance Right in the BlackRock CII filing?
Each Performance Right was reported with an associated value of $25.7700. This amount reflects the reference price per underlying common share for the grant and is used in determining the cash value associated with each right under the deferred compensation structure.
What is the purpose of the BlackRock Deferred Compensation Plan mentioned for CII?
The plan allows directors to accrue Performance Rights instead of immediate cash, deferring compensation. Each right corresponds to the cash value of one common share and will be paid out entirely in cash at a future deferral period selected by the participating director.