Form 4: BlackRock Ltd Duration Income Trust Director Acquires Performance Rights
SEC Form 4
Director Arthur Philip Steinmetz reports acquisition of performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares.
Summary
- On October 1, 2024, Arthur Philip Steinmetz, a director of BlackRock Ltd Duration Income Trust, acquired 814.52 performance rights under the BlackRock Deferred Compensation Plan.
- These performance rights are convertible into the cash value of an equivalent number of BlackRock Limited Duration Income Trust shares.
- The price of each derivative security is $14.5.
- Following the transaction, Steinmetz directly owns 3,432.1 derivative securities.
- The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Industry Context
This filing reflects routine compensation practices for directors at investment firms, often involving deferred compensation plans and performance-based equity awards.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction: Arthur Philip Steinmetz acquired performance rights. |
| 10/03/2024 | Date of signature: Form 4 signed by Gladys Chang as Attorney-in-Fact. |
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