Form 4: BlackRock Ltd Duration Income Trust Director Acquires Performance Rights

Stayce D. Harris, a Director of BlackRock Ltd Duration Income Trust, acquired 602.5 performance rights convertible into cash, increasing her beneficial ownership to 11,813.94 performance rights.

Summary

• Stayce D. Harris, a Director of BlackRock Ltd Duration Income Trust (BLW), acquired 602.5 Performance Rights.
• These Performance Rights were accrued 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 Ms. Harris.
• The price of the derivative security (Performance Right) was $14.25.
• Following this transaction, Ms. Harris beneficially owns 11,813.94 Performance Rights directly.

Sentiment

Score: 5

Explanation: The document reports a routine insider transaction (acquisition of performance rights as part of a deferred compensation plan) and does not contain information that would significantly alter the company's outlook or financial health.

Positives

• Director Stayce D. Harris continues to participate in the BlackRock Deferred Compensation Plan, accruing additional performance rights, which aligns her interests with the company's performance.

Future Outlook

Not applicable as this is a transaction report and does not contain forward-looking statements or guidance.

Industry Context

This Form 4 reports a routine insider transaction for a director of a closed-end fund, which is a standard disclosure and does not provide broader industry trends or context.

Related Party Transactions

• Acquisition of 602.5 Performance Rights by Director Stayce D. Harris from the issuer under the BlackRock Deferred Compensation Plan.

Stakeholder Impact

• Shareholders: This is a routine compensation-related transaction for a director, indicating continued alignment of director's interests with the company through deferred compensation. As the rights are cash-settled, there is no direct equity dilution.

Next Steps

• The Performance Rights are to be settled 100% in cash at a deferral period chosen by the reporting person.

Key Dates

Keywords

BlackRock, BLW, Form 4, insider transaction, director, performance rights, deferred compensation, beneficial ownership, SEC filing