Form 4: BlackRock Ltd Duration Income Trust: Director Hubbard Reports Acquisition of Performance Rights

Director Robert Glenn Hubbard reports acquiring performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares.

Summary

• On April 1, 2024, Robert Glenn Hubbard, a director of BlackRock Ltd Duration Income Trust, acquired 896.87 performance rights under the BlackRock Deferred Compensation Plan.
• These performance rights are convertible into the cash value of an equivalent number of BlackRock Limited Duration Income Trust shares.
• The price of the derivative security is $14.03.
• Following the transaction, Hubbard directly owns 52,678.17 shares.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating standard compensation practices. It doesn't inherently suggest positive or negative sentiment, but rather reflects normal business operations.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies to ensure transparency and compliance with SEC regulations.

Stakeholder Impact

• The acquisition of performance rights by a director could have a minor positive impact on shareholder confidence due to the alignment of interests between management and shareholders.

Key Dates