Form 4: BlackRock Director Harris Reports Performance Rights Accrual

Stayce D. Harris, a Director at BlackRock Ltd Duration Income Trust, reported the accrual of 612.29 performance rights under the BlackRock Deferred Compensation Plan.

Summary

• Stayce D. Harris, a Director of BLACKROCK Ltd DURATION INCOME TRUST (BLW), reported the accrual of performance rights.
• The transaction date for the accrual of these performance rights was October 1, 2025.
• A total of 612.29 performance rights were acquired under the BlackRock Deferred Compensation Plan.
• Each performance right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
• The performance rights are to be settled 100% in cash at a deferral period chosen by the reporting person.
• Following this transaction, Stayce D. Harris beneficially owns 12,713.14 derivative securities.
• The implied value of the underlying common stock for conversion is $14 per share.

Sentiment

Score: 5

Explanation: This is a routine disclosure of director compensation and does not indicate any significant positive or negative operational or financial news for the company, resulting in a neutral sentiment.

Positives

• The accrual of performance rights represents a form of compensation for the director, aligning their interests with the company's performance.

Negatives

• No specific negative information is contained within this routine compensation disclosure.

Risks

• No specific risks related to the company's operations or financial health are mentioned in this Form 4 filing.

Future Outlook

The performance rights are scheduled to be settled 100% in cash at a deferral period chosen by the reporting person, indicating a future cash payout based on the value of the underlying shares.

Industry Context

This Form 4 filing is a standard disclosure of an insider transaction. The use of performance rights as part of a deferred compensation plan is a common practice for directors and executives in the financial services industry, including investment management firms and trusts, to align long-term incentives.

Comparison to Industry Standards

• The accrual of performance rights as part of a deferred compensation plan for a director is a standard remuneration practice within the financial services industry, consistent with corporate governance norms for public companies.
• This type of compensation structure is commonly observed across investment management firms and closed-end funds, similar to those offered by peers in the asset management sector.

Related Party Transactions

• The accrual of performance rights to Stayce D. Harris, a Director, under the BlackRock Deferred Compensation Plan, constitutes a transaction with a related party (company director) as part of their compensation package.

Stakeholder Impact

• Shareholders: Minimal direct impact, as this is a routine compensation disclosure for a director.
• Management/Directors: Stayce D. Harris's compensation package includes these performance rights, aligning her long-term interests with the company.

Next Steps

• The performance rights will be settled 100% in cash at a deferral period chosen by the reporting person.

Key Dates

Keywords

BlackRock, BLW, Stayce D. Harris, Form 4, SEC filing, performance rights, deferred compensation, director compensation, beneficial ownership