BlackRock Enhanced Large Cap Core Fund, Inc. (CII) discloses cash-settled performance rights grant
Rhea-AI Filing Summary
BlackRock Enhanced Large Cap Core Fund, Inc. reported an insider compensation-related transaction involving derivative securities. A director acquired 215.31 Performance Rights on 01/02/2026 under the BlackRock Deferred Compensation Plan. Each Performance Right is linked to the cash value of one share of the fund’s common stock and is to be settled 100% in cash at a deferral period chosen by the director.
Following this transaction, the director beneficially owned 5,611.89 derivative securities on a direct basis. The filing reflects non-equity, cash-settled deferred compensation rather than a direct purchase or sale of the fund’s common stock in the market.
Positive
- None.
Negative
- None.
FAQ
What insider transaction did BlackRock Enhanced Large Cap Core Fund, Inc. (CII) report?
A director acquired 215.31 Performance Rights on 01/02/2026 under the BlackRock Deferred Compensation Plan, as disclosed in a Form 4.
How many derivative securities does the reporting person own after this CII transaction?
After the reported transaction, the director beneficially owned 5,611.89 derivative securities, held in direct ownership form.
What are Performance Rights in this BlackRock Enhanced Large Cap Core Fund, Inc. filing?
The filing states that one Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc.
Are the CII Performance Rights settled in stock or cash?
The Performance Rights are described as being settled 100% in cash at the deferral period chosen by the reporting person.
What price is associated with the Performance Rights reported for CII?
The derivative securities table shows a price of $23.3 for the Performance Rights linked to the fund’s common stock.
Is this BlackRock Enhanced Large Cap Core Fund, Inc. Form 4 filed by one person or a group?
The report indicates that the Form is filed by one reporting person, not by a group.