Form 4: BlackRock Ltd Duration Income Trust: Director Steinmetz Reports Acquisition of Performance Rights
SEC Form 4 Filing
Director Arthur Philip Steinmetz reports acquisition of performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares.
Summary
- On July 1, 2024, Arthur Philip Steinmetz, a director of BlackRock Ltd Duration Income Trust, acquired performance rights under the BlackRock Deferred Compensation Plan.
- These performance rights are convertible into the cash value of BlackRock Limited Duration Income Trust shares.
- Steinmetz acquired 844.56 performance rights at a price of $13.99.
- Following the transaction, Steinmetz directly owns 2,556.59 derivative securities.
- 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 routine 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 filing reflects standard reporting practices for corporate insiders regarding their holdings and transactions in company securities, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of transaction: Acquisition of performance rights |
| 07/03/2024 | Date of signature for the Form 4 filing |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.