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

Director James Phillip Holloman acquired performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares on April 1, 2024.

Summary

• On April 1, 2024, James Phillip Holloman, a director of BlackRock Ltd Duration Income Trust, acquired performance rights under the BlackRock Deferred Compensation Plan.
• The transaction involved the acquisition of 657.19 performance rights, each convertible into the cash value of one share of BlackRock Limited Duration Income Trust common stock.
• The price per performance right was $14.03.
• Following the reported transaction, Holloman beneficially owns 8,154.19 performance rights directly.
• 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 transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

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

Industry Context

This Form 4 filing is a routine disclosure of a company director's acquisition of performance rights, which is a common form of executive compensation. It provides transparency into the alignment of management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of performance rights by a director aligns their interests with shareholders, potentially incentivizing them to improve company performance.

Key Dates