Form 4: BlackRock Ltd Duration Income Trust: Director Catherine A. Lynch Reports Acquisition of Performance Rights

Catherine A. Lynch, a director of BlackRock Ltd Duration Income Trust, reported the acquisition of performance rights convertible to cash based on the value of 98.96 shares of common stock, according to a Form 4 filing.

Summary

• On July 1, 2024, Catherine A. Lynch, a director of BlackRock Ltd Duration Income Trust (BLW), acquired performance rights under the BlackRock Deferred Compensation Plan.
• These performance rights are convertible into the cash value of 98.96 shares of BlackRock Limited Duration Income Trust common stock.
• The price of the transaction was $13.99.
• Following the reported transaction, Ms. Lynch directly owns 7,035.62 shares.
• The performance rights will be settled 100% in cash at the deferral period chosen by Ms. Lynch.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction by a company director. The acquisition of performance rights is neither overwhelmingly positive nor negative.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.

Key Dates