Form 4: BlackRock Director Acquires Performance Rights

BlackRock Enhanced Large Cap Core Fund Director James Phillip Holloman acquired 233.23 performance rights, convertible to cash, under a deferred compensation plan.

Summary

• James Phillip Holloman, a Director of BlackRock Enhanced Large Cap Core Fund, Inc. (CII), reported an acquisition of Performance Rights.
• The transaction occurred on October 1, 2025.
• A total of 233.23 Performance Rights were acquired under the BlackRock Deferred Compensation Plan.
• Each Performance Right is convertible into the cash value of one share of BlackRock Enhanced Large Cap Core Fund, Inc. Common Stock.
• The Performance Rights are to be settled 100% in cash at a deferral period chosen by the reporting person.
• The implied price per Performance Right at the time of acquisition was $23.18.
• Following this transaction, James Phillip Holloman directly beneficially owns 5,571.46 Performance Rights.

Sentiment

Score: 7

Explanation: The acquisition of performance rights by a director, even as part of a deferred compensation plan, generally indicates continued alignment of management interests with shareholder value, which is a moderately positive signal.

Positives

• Director James Phillip Holloman increased his beneficial ownership of Performance Rights by 233.23 units, indicating continued alignment with the company's performance.
• The acquisition is part of a deferred compensation plan, which is a common mechanism to incentivize long-term commitment and performance from key personnel.

Future Outlook

The Performance Rights are slated for 100% cash settlement at a future deferral period chosen by the reporting person, linking future payouts to the fund's share value.

Industry Context

The acquisition of performance rights by a director under a deferred compensation plan is a standard practice within the financial industry, designed to align executive incentives with the long-term performance of the fund or company.

Related Party Transactions

• The acquisition of Performance Rights by Director James Phillip Holloman is part of the BlackRock Deferred Compensation Plan, representing a standard compensation arrangement between the company and its director.

Stakeholder Impact

• Shareholders: May interpret the director's increased beneficial ownership as a positive indicator of confidence in the fund's future performance.
• Management: The deferred compensation plan reinforces the director's long-term financial interests with the fund's performance.

Next Steps

• Settlement of the Performance Rights in cash at a future deferral period chosen by the reporting person.

Key Dates

Keywords

BlackRock, CII, Form 4, Insider Transaction, Performance Rights, Deferred Compensation, Director, Beneficial Ownership