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

Director Arthur Philip Steinmetz reports acquiring performance rights convertible to cash value of BlackRock Limited Duration Income Trust shares under the BlackRock Deferred Compensation Plan.

Summary

• Arthur Philip Steinmetz, a director of BlackRock Ltd Duration Income Trust, filed a Form 4.
• The form reports a transaction on April 1, 2025, where Steinmetz acquired 838.89 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 reported transaction, Steinmetz directly owns 5,290.69 derivative securities.
• The price of the derivative security is $14.05.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction without expressing any positive or negative outlook.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, and principal stockholders) to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The acquisition of performance rights by a director may be of interest to shareholders as it reflects the director's compensation and alignment with the company's performance.

Key Dates

Keywords

Form 4, BlackRock Ltd Duration Income Trust, Director, Steinmetz, Performance Rights, Deferred Compensation Plan, Beneficial Ownership, BLW