Form 4: BlackRock Ltd Duration Income Trust Director Kester W Carl Reports Acquisition of Performance Rights

Director Kester W Carl reported acquiring performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares.

Summary

• On July 1, 2024, Kester W Carl, a director of BlackRock Ltd Duration Income Trust, acquired performance rights under the BlackRock Deferred Compensation Plan.
• The transaction involved the acquisition of 170.61 performance rights, each convertible into the cash value of one share of BlackRock Limited Duration Income Trust common stock.
• The price of the derivative security was $13.99.
• Following the reported transaction, Kester W Carl directly owns 22,390.7 derivative securities.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and aligns director interests with company performance.

Industry Context

This filing reflects routine compensation practices for directors at publicly traded companies, utilizing deferred compensation plans and performance-based equity awards.

Stakeholder Impact

• The acquisition of performance rights aligns the director's interests with those of the shareholders, potentially incentivizing actions that increase shareholder value.

Key Dates