Director Stayce D. Harris gains performance rights in CII (NYSE: CII) deferred plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harris Stayce D. reported acquisition or exercise transactions in this Form 4 filing.
BlackRock Enhanced Large Cap Core Fund, Inc. director Stayce D. Harris received a grant of Performance Rights as part of deferred compensation. On April 1, 2026, Harris was awarded 233.2700 Performance Rights, each linked to the cash value of one share of the fund.
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and are to be settled 100% in cash at a future deferral period chosen by Harris. Following this grant, Harris holds a total of 5952.3600 Performance Rights tied economically to the fund’s common stock value, but without direct share issuance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Stayce D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 233.27 | $21.48 | $5K |
Holdings After Transaction:
Performance Rights — 5,952.36 shares (Direct)
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: 233.2700 rights
Reporting value per right: $21.4800 per right
Total Performance Rights after grant: 5952.3600 rights
+1 more
4 metrics
Performance Rights granted
233.2700 rights
Grant on April 1, 2026 under deferred compensation plan
Reporting value per right
$21.4800 per right
Reference transaction price for Performance Rights grant
Total Performance Rights after grant
5952.3600 rights
Holdings following April 1, 2026 transaction
Underlying security linkage
1 right = cash value of 1 share
Each Performance Right tied to one CII common share’s cash value
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period, cash value
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."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
cash value financial
"One Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc."
FAQ
What did Stayce D. Harris acquire in BlackRock Enhanced Large Cap Core Fund (CII)?
Stayce D. Harris received 233.2700 Performance Rights linked to the cash value of BlackRock Enhanced Large Cap Core Fund common stock. These rights are a form of deferred compensation and increase Harris’s total Performance Rights holdings to 5952.3600 as of the reported transaction date.
How are the Performance Rights for CII structured for Stayce D. Harris?
Each Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc. The rights are settled 100% in cash, not stock, at a future deferral period selected by the reporting person under the deferred compensation plan.
What was the effective price used for the Performance Rights grant in CII?
The grant of 233.2700 Performance Rights was recorded at a reference value of $21.4800 per right. This value reflects the price per unit used for reporting purposes in the Form 4 and ties each right to the fund’s common stock value.
Does the CII Form 4 indicate open-market buying or selling by Stayce D. Harris?
No open-market buying or selling is reported. The filing shows a code A transaction, described as a grant, award, or other acquisition of Performance Rights under a deferred compensation plan, rather than a purchase or sale of common shares in the market.
How many total Performance Rights does Stayce D. Harris hold in CII after this transaction?
After the April 1, 2026 grant, Stayce D. Harris holds a total of 5952.3600 Performance Rights. Each right is tied to the cash value of one share of BlackRock Enhanced Large Cap Core Fund, and all are scheduled for future cash settlement.