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

Director Catherine A. Lynch reports acquiring performance rights convertible to cash value of BlackRock Ltd Duration Income Trust shares under the BlackRock Deferred Compensation Plan.

Summary

• Catherine A. Lynch, a director of BlackRock Ltd Duration Income Trust, filed a Form 4 on April 3, 2024, reporting a transaction on April 1, 2024.
• The transaction involved the acquisition of 98.25 performance rights under the BlackRock Deferred Compensation Plan.
• These performance rights are convertible into the cash value of one share of BlackRock Limited Duration Income Trust each.
• The price of each derivative security was $14.03.
• Following the reported transaction, Ms. Lynch beneficially owns 6,775.22 shares of common stock directly.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it reports a standard transaction related to director compensation. There are no explicit positive or negative implications.

Positives

• The acquisition of performance rights indicates a continued alignment of the director's interests with the company's performance.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment of interests.

Key Dates