BlackRock Enhanced Large Cap Core Fund (NYSE: CII) director reports new performance rights
Rhea-AI Filing Summary
BlackRock Enhanced Large Cap Core Fund, Inc. director reports acquisition of cash-settled performance rights. On 01/02/2026, a director of BlackRock Enhanced Large Cap Core Fund, Inc. (ticker CII) acquired Performance Rights under the BlackRock Deferred Compensation Plan. The filing shows 6.64 Performance Rights, each tied to the cash value of one share of the fund’s common stock, at a reference price of $23.3 per share. After this transaction, the reporting person beneficially owned 3,048.17 derivative securities directly. These Performance Rights will be settled 100% in cash at a future deferral date selected by the director, rather than in actual shares.
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FAQ
What insider transaction did CII report in this Form 4?
The Form 4 reports that a director of BlackRock Enhanced Large Cap Core Fund, Inc. acquired Performance Rights on 01/02/2026 under the BlackRock Deferred Compensation Plan.
How many Performance Rights were involved in the CII director’s transaction?
The transaction shows 6.64 Performance Rights, each linked to the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc. common stock.
What is the economic reference price for the CII Performance Rights?
The filing lists a reference price of $23.3 per share for the Performance Rights tied to BlackRock Enhanced Large Cap Core Fund, Inc. common stock.
How many derivative securities does the CII director own after this transaction?
Following the reported transaction, the director beneficially owned 3,048.17 derivative securities directly, as stated in the filing.
How are the CII Performance Rights settled?
According to the explanation, each Performance Right is convertible into the cash value of one share of CII and is to be settled 100% in cash at a deferral period chosen by the reporting person.
Are the CII Performance Rights part of an incentive or deferred compensation plan?
Yes. The filing states that the Performance Rights were accrued under the BlackRock Deferred Compensation Plan, indicating they are a form of deferred compensation.