BlackRock Enhanced Large Cap (NYSE: CII) director granted 208.73 cash-settled Performance Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Holloman James Phillip reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Large Cap Core Fund, Inc. director James Phillip Holloman reported a compensation-related award of cash-settled Performance Rights. He received 208.73 Performance Rights on the reported date, bringing his total to 6,668.06 rights. Each right reflects the cash value of one share and will be settled 100% in cash at the deferral period he selected, so this filing does not reflect a stock purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Holloman James Phillip
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 208.73 | $25.77 | $5K |
Holdings After Transaction:
Performance Rights — 6,668.06 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: 208.73 rights
Value reference per right: $25.77 per share
Total Performance Rights after grant: 6,668.06 rights
+2 more
5 metrics
Performance Rights granted
208.73 rights
Grant on 2026-07-01 under deferred compensation plan
Value reference per right
$25.77 per share
Transaction price per underlying CII share
Total Performance Rights after grant
6,668.06 rights
Holdings following reported transaction
Conversion ratio
1 right = cash value of 1 share
Each Performance Right mirrors one CII common share in cash
Exercise price
$0.00
Performance Rights have no exercise cost to the holder
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period
3 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."
FAQ
What insider transaction did CII director James Phillip Holloman report?
James Phillip Holloman reported receiving 208.73 Performance Rights as a compensation award. These rights were accrued under a BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 6,668.06, all tied to the cash value of BlackRock Enhanced Large Cap Core Fund, Inc. shares.
Does the Holloman Form 4 for CII show a stock purchase or sale?
The Form 4 does not show a stock purchase or sale. It reports a grant of Performance Rights that are settled 100% in cash, each linked to the cash value of one CII share, rather than direct ownership or trading of the fund’s common stock.
How many Performance Rights in CII did Holloman hold after this transaction?
After the transaction, Holloman held a total of 6,668.06 Performance Rights. This figure includes the 208.73 new rights granted, all of which are tied to the cash value of BlackRock Enhanced Large Cap Core Fund, Inc. common stock and are to be settled in cash.
What are the key terms of the Performance Rights reported for CII?
Each Performance Right is convertible into the cash value of one CII common share, with an exercise price of $0.00. The rights were accrued under the BlackRock Deferred Compensation Plan and will be settled entirely in cash at a deferral period chosen by the reporting person.
How is the value of Holloman’s CII Performance Rights determined?
The value of each Performance Right equals the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc. At settlement, Holloman receives cash based on the then-current share value, consistent with the deferred compensation structure described in the filing’s footnotes.