CII director granted 275 Performance Rights
HUBBARD ROBERT GLENN reported acquisition or exercise transactions in this Form 4 filing.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 275.03 | $25.77 | $7K |
Footnotes (3)
- F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
- F2. One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc.
- F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Key Terms
Performance Rights financial
BlackRock Deferred Compensation Plan financial
cash value financial
deferral period financial
FAQ
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What insider transaction did CII director Robert Glenn Hubbard report?
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How and when will Robert Glenn Hubbard’s CII Performance Rights be settled?
AI-generated analysis. How Rhea-AI works. Not financial advice.