BlackRock CII insider filing shows routine deferred comp award

Rhea-AI Filing Summary

Form 4 snapshot: Director James Phillip Holloman reported an acquisition of 253.38 Performance Rights in BlackRock Enhanced Large Cap Core Fund, Inc. (ticker CII) on 07/01/2025. The rights were awarded under the BlackRock Deferred Compensation Plan and are valued at $21.33 each, mirroring the cash value of one CII share.

After the grant, Holloman directly holds 5,238.34 Performance Rights. These instruments will be settled 100 % in cash at a deferral date selected by the director; they do not convert into fund shares and therefore leave the share count untouched. No common-stock purchases or sales were disclosed.

The filing represents routine director compensation rather than an open-market insider trade, indicating minimal immediate impact on CII’s capital structure, liquidity, or market price.

Insights

Securities Analyst

TL;DR — Routine deferred-comp grant; neutral for valuation.

The 253-unit Performance Right grant is standard board compensation, settled in cash and immaterial versus fund size. Ownership now totals 5.2 k rights, with no share issuance or buyback implied. Because the rights track the NAV but do not affect shares outstanding, the filing carries no valuation, liquidity, or control implications and should be viewed as housekeeping. Market reaction is expected to be negligible.

Corporate Governance Expert

TL;DR — Administrative Form 4, no governance red flags.

This disclosure simply aligns director compensation records with Section 16 requirements. The use of deferred cash-settled performance units is standard among closed-end funds and does not signal governance issues or insider sentiment. Compliance timing (filed within two days) is appropriate, further supporting a neutral stance.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Holloman James Phillip

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BlackRock Enhanced Large Cap Core Fund, Inc. [ CII ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights(1)	(2)	07/01/2025		A		253.38		(3)	(3)	Common Stock	253.38	$21.33	5,238.34	D

Explanation of Responses:

1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.

2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc.

3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

	/s/ Gladys Chang as Attorney-in-Fact	07/03/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did CII director James Holloman report in the Form 4?

He acquired 253.38 Performance Rights valued at $21.33 each under the BlackRock Deferred Compensation Plan.

Do the Performance Rights increase CII’s outstanding shares?

No. The rights are cash-settled and therefore do not create or convert into fund shares.

How many Performance Rights does Holloman now hold?

After the transaction, he beneficially owns 5,238.34 Performance Rights directly.

Was any common stock of CII bought or sold?

No common-stock transactions were reported in this filing.

Why is the impact of this Form 4 considered neutral?

The award is routine director compensation, small in size, cash-settled, and has no effect on share count or governance control.