BlackRock Enhanced Large Cap Core (NYSE: CII) manager exits common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
BlackRock Enhanced Large Cap Core Fund, Inc. (CII) portfolio manager Kanan Ibrahim reported a small insider transaction involving common stock and phantom shares. On January 30, 2026, Ibrahim converted 250.628 phantom shares into the economic equivalent of common stock and then sold 250.628 shares of common stock at $23.24, leaving no common stock directly owned after the sale. Phantom shares are cash-settled awards that track the value of common stock; Ibrahim continued to hold 501.2559 phantom shares, which pay out in cash subject to vesting over three years from a January 31, 2025 grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
250.628 shares exercised/converted
Mixed
3 txns
Insider
Kanan Ibrahim
Role
Insider
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Phantom Shares | 250.628 | $0.00 | -- |
| Exercise | Common Stock | 250.628 | $0.00 | -- |
| Disposition | Common Stock | 250.628 | $23.24 | $6K |
Holdings After Transaction:
Phantom Shares — 501.256 shares (Direct);
Common Stock — 250.628 shares (Direct)
Footnotes (1)
- A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash. As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
FAQ
What insider transaction did Kanan Ibrahim report for CII?
Kanan Ibrahim reported converting 250.628 phantom shares into the economic equivalent of common stock, then selling 250.628 shares of BlackRock Enhanced Large Cap Core Fund (CII) common stock at $23.24 per share, resulting in no directly owned common shares after the transaction.
What is Kanan Ibrahim’s role at BlackRock Enhanced Large Cap Core Fund (CII)?
In this Form 4 filing, Kanan Ibrahim is identified as a portfolio manager of BlackRock Enhanced Large Cap Core Fund, Inc. (CII). The role is marked as “Other (Portfolio Manager)” rather than director, officer, or ten percent owner of the fund.