Robert Glenn Hubbard (NYSE: CII) awarded cash-settled Performance Rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HUBBARD ROBERT GLENN reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Large Cap Core Fund, Inc. director Robert Glenn Hubbard received a grant of 275.03 Performance Rights tied to the fund’s common stock. These awards were accrued under the BlackRock Deferred Compensation Plan at a reference value of $25.77 per right.
After this grant, Hubbard holds 14,075.98 Performance Rights in total. Each Performance Right is convertible into the cash value of one share of the fund and will be settled 100% in cash at the deferral period he selected, so they do not represent direct ownership of shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HUBBARD ROBERT GLENN
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 275.03 | $25.77 | $7K |
Holdings After Transaction:
Performance Rights — 14,075.98 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: 275.03 units
Reference value per Performance Right: $25.77
Total Performance Rights after grant: 14,075.98 units
+1 more
4 metrics
Performance Rights granted
275.03 units
Grant of Performance Rights on 2026-07-01
Reference value per Performance Right
$25.77
Valuation used for the 275.03-unit grant
Total Performance Rights after grant
14,075.98 units
Holdings following the reported transaction
Conversion ratio
1 right : cash value of 1 share
Each Performance Right mirrors one CII common share in cash
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, cash value, deferral period
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."
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc."
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 Robert Glenn Hubbard report?
Robert Glenn Hubbard reported receiving 275.03 Performance Rights linked to CII’s common stock. These were granted under the BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 14,075.98, all of which are cash-settled rather than actual share ownership.
How many CII Performance Rights does Robert Glenn Hubbard hold after this Form 4?
After the reported grant, Robert Glenn Hubbard holds 14,075.98 Performance Rights. This total includes the new 275.03 rights reported in the transaction, all of which are tied to the cash value of CII common stock rather than share delivery.
What is the value basis used for the CII Performance Rights granted to Robert Glenn Hubbard?
The grant references a value of $25.77 per Performance Right. Each right represents the cash value of one CII common share, so this figure reflects the valuation basis used for crediting the deferred compensation award reported in the Form 4.
How and when will Robert Glenn Hubbard’s CII Performance Rights be settled?
The Performance Rights will be settled 100% in cash at the deferral period chosen by Hubbard. This means he will receive cash equal to the value of the underlying CII shares at that future time, instead of receiving actual fund shares.