Form 4: BlackRock Ltd Duration Income Trust Director Hubbard Reports Acquisition of Performance Rights
SEC Form 4 Filing
Director Robert Glenn Hubbard reports acquiring performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares.
Summary
- On January 2, 2025, Robert Glenn Hubbard, a director of BlackRock Ltd Duration Income Trust, acquired 890.31 performance rights 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 the deferral period chosen by the reporting person.
- Following the transaction, Hubbard directly owns 59,276.3 shares.
- The price of the derivative security is $14.2.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. It provides transparency into the actions of company directors and their holdings in the company's stock.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the director's investment in the company.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Robert Glenn Hubbard acquired performance rights. |
| 01/06/2025 | Date of signature on the Form 4 filing. |
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