BlackRock Enhanced Large Cap Core Fund (CII) director awarded cash-settled rights
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackRock Enhanced Large Cap Core Fund, Inc. director Stayce D. Harris received a grant of 193.99 Performance Rights on July 1, 2026 as part of deferred compensation. Each Performance Right tracks the cash value of one share of the fund and has a conversion price of $0.00, meaning no cash is needed to acquire it.
The award increases Harris’s holdings to a total of 6,245.51 Performance Rights, all held directly. These rights are designed to be settled 100% in cash at the deferral period chosen by Harris, so they provide cash-based exposure to the fund’s share value rather than additional voting stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Stayce D.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 193.99 | $25.77 | $5K |
Holdings After Transaction:
Performance Rights — 6,245.51 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: 193.99 rights
Reference price per right: $25.77
Total Performance Rights held: 6,245.51 rights
+2 more
5 metrics
Performance Rights granted
193.99 rights
Grant on July 1, 2026 as deferred compensation
Reference price per right
$25.77
Transaction price per Performance Right
Total Performance Rights held
6,245.51 rights
Holdings following this grant
Conversion price
$0.00
Conversion or exercise price per Performance Right
Share linkage
1 right : 1 share value
Each right equals cash value of one CII share
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, cash value of one share, settled 100% in cash
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."
settled 100% in cash financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
FAQ
What did Stayce D. Harris report in the latest Form 4 for CII?
Stayce D. Harris reported receiving 193.99 Performance Rights tied to BlackRock Enhanced Large Cap Core Fund, Inc. These rights are a deferred compensation award that track the cash value of one share each and are settled entirely in cash at a later chosen date.
How many Performance Rights does the CII director hold after this transaction?
After this grant, the director holds a total of 6,245.51 Performance Rights. This figure represents all directly held rights accrued under the deferred compensation plan, giving cash-based exposure to the fund’s share value without issuing additional common shares.
Are the CII Performance Rights settled in stock or cash?
The Performance Rights are settled 100% in cash, not stock. Each right converts into the cash value of one BlackRock Enhanced Large Cap Core Fund, Inc. share at the deferral period selected by the reporting person, providing economic exposure without adding voting shares.
What is the economic basis of the Performance Rights reported for CII?
Each Performance Right is economically linked to one share of BlackRock Enhanced Large Cap Core Fund, Inc. At settlement, the holder receives cash equal to the share’s value, making the award a cash-settled, share-value-based component of deferred compensation rather than an equity issuance.