Director Lorenzo Flores receives 223 cash-settled Performance Rights in CII (NYSE: CII)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Flores Lorenzo reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Large Cap Core Fund, Inc. director Lorenzo Flores received a grant of cash-settled Performance Rights as compensation. The award covers 223.4600 Performance Rights tied to the value of the fund’s common stock, bringing his total Performance Rights holdings to 6,442.8100.
Each Performance Right corresponds to the cash value of one share of common stock and was accrued under the BlackRock Deferred Compensation Plan. These rights will be settled 100% in cash at a future deferral date chosen by the reporting person, so they do not represent direct ownership of the fund’s shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Flores Lorenzo
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 223.46 | $25.77 | $6K |
Holdings After Transaction:
Performance Rights — 6,442.81 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: 223.4600 rights
Total Performance Rights after grant: 6,442.8100 rights
Reference price per right: $25.7700 per right
+1 more
4 metrics
Performance Rights granted
223.4600 rights
Grant of cash-settled Performance Rights on 2026-07-01
Total Performance Rights after grant
6,442.8100 rights
Holdings following the reported transaction
Reference price per right
$25.7700 per right
Transaction price per underlying share-equivalent
Underlying security
223.4600 common shares equivalent
Each Performance Right linked to one common share’s cash value
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period, cash value
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."
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc."
FAQ
What did Lorenzo Flores report in this BlackRock Enhanced Large Cap Core Fund (CII) Form 4?
Lorenzo Flores reported receiving 223.4600 Performance Rights linked to BlackRock Enhanced Large Cap Core Fund common stock. These were granted under a deferred compensation plan and increase his total Performance Rights holdings to 6,442.8100, reflecting additional cash-settled compensation rather than a market purchase of shares.
Are the Performance Rights in this CII Form 4 settled in stock or cash?
The Performance Rights are settled 100% in cash, not in stock. Each right represents the cash value of one share of BlackRock Enhanced Large Cap Core Fund common stock, paid at the deferral period selected by Lorenzo Flores under the deferred compensation plan.
How many Performance Rights does Lorenzo Flores hold after this CII transaction?
After this grant, Lorenzo Flores holds a total of 6,442.8100 Performance Rights. The new award adds 223.4600 rights, all tied to the cash value of BlackRock Enhanced Large Cap Core Fund shares and payable in cash at a future deferral date he has chosen.
What is the relationship between each Performance Right and CII common stock?
Each Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund common stock. This means the payout will mirror the share’s value in cash, but the holder does not receive or directly own the underlying share itself.