Form 4: BlackRock Ltd Duration Income Trust Director Kester W Carl Reports Acquisition of Performance Rights
SEC Form 4 Filing
Director Kester W Carl reported acquiring performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares under the BlackRock Deferred Compensation Plan.
Summary
- On April 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 169.38 performance rights.
- Each performance right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
- The price of the derivative security is $14.03.
- The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
- Following the reported transaction, Kester W Carl directly owns 21,702.96 shares.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing, indicating standard executive compensation practices.
Industry Context
This filing is a routine disclosure related to executive compensation and holdings, common in the investment management industry.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the potential dilution from the conversion of performance rights to cash.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of performance rights |
| 04/03/2024 | Date of signature for the Form 4 filing |
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