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4//SEC Filing

Zhao David 4

Accession 0001193125-26-035715

CIK 0001332283other
View on SEC.govCompany Profile

Filed

Feb 2, 7:00 PM ET

Accepted

Feb 3, 4:37 PM ET

Size

15.9 KB

Accession

0001193125-26-035715

Research Summary

AI-generated summary of this filing

Updated

BDJ Portfolio Manager David Zhao Sells Shares & Receives Phantom Award

What Happened
David Zhao, a portfolio manager for BlackRock Enhanced Equity Dividend Trust (BDJ), reported multiple derivative and award-related transactions on 2026-01-30. He disposed (to the issuer) of 5,533.576 shares at $9.61 per share for $53,178 and was credited with a grant of 4,877.732 phantom shares valued at $9.61 per share (total $46,875). The filing also shows several exercise/conversion (derivative) entries totaling additional phantom-share conversions (1,438.531; 2,180.380; 1,914.664 shares) reported as “M” (exercise/conversion) with price listed as N/A.

Key Details

  • Transaction date: January 30, 2026. Form 4 filed February 3, 2026. (No late-filing flag provided in the supplied data.)
  • Sale/disposition: 5,533.576 shares @ $9.61 = $53,178 (code D — disposition to issuer).
  • Grant/acquisition: 4,877.732 phantom shares @ $9.61 = $46,875 (code A — award/grant; derivative).
  • Exercises/conversions (code M): 5,533.576 total across multiple entries (1,438.531; 2,180.380; 1,914.664) reported with price N/A (cash-settled/derivative activity).
  • Shares owned after transaction: Not specified in the provided filing summary.
  • Footnotes: Phantom shares are cash‑settled equivalents of common shares and vest/payable in cash per vesting schedules. The filing references prior phantom-share grants (Jan 31 of 2023, 2024, and 2025) that vest in equal installments on each of the first three anniversaries (see F1–F5).

Context

  • Phantom shares are derivative, cash‑settled awards (not actual stock); they pay out cash upon vesting rather than delivering shares. The entry labeled “A” is a grant of such a phantom-share award; “M” entries indicate conversion/exercise of derivative units.
  • A disposition “to the issuer” is commonly used when shares or units are surrendered to the company (often for tax withholding or settlement), though the filing itself does not state the specific reason.
  • These transactions are routine award vesting/settlement activity and derivative conversions rather than open‑market purchases or sales by a 10% owner.

Insider Transaction Report

Form 4
Period: 2026-01-30
BlackRock Enhanced Equity Dividend TrustBDJ
Zhao David
Other
Transactions
  • Exercise/Conversion

    Common Stock

    [F1][F2][F3][F4]
    2026-01-30+5,533.576→ 5,533.576 total
  • Disposition to Issuer

    Common Stock

    [F1][F2][F3][F4]
    2026-01-30$9.61/sh−5,533.576$53,178→ 0 total
  • Award

    Phantom Shares

    [F1][F5]
    2026-01-30$9.61/sh+4,877.732$46,875→ 4,877.732 total
    → Common Stock (4,877.732 underlying)
  • Exercise/Conversion

    Phantom Shares

    [F1][F2]
    2026-01-30−1,438.531→ 2,877.063 total
    → Common Stock (1,438.531 underlying)
  • Exercise/Conversion

    Phantom Shares

    [F1][F3]
    2026-01-30−2,180.38→ 2,180.38 total
    → Common Stock (2,180.38 underlying)
  • Exercise/Conversion

    Phantom Shares

    [F1][F4]
    2026-01-30−1,914.664→ 0 total
    → Common Stock (1,914.664 underlying)
Footnotes (5)
  • [F1]A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
  • [F2]As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
  • [F3]As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
  • [F4]As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
  • [F5]These phantom shares vest in equal installments on each of the first three anniversaries of the award.
Signature
/s/ Gladys Chang as Attorney-in-Fact|2026-02-03

Documents

1 file

Issuer

BlackRock Enhanced Equity Dividend Trust

CIK 0001332283

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Entity typeother

Related Parties

1
  • filerCIK 0001701055

Filing Metadata

Form type
4
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 4:37 PM ET
Size
15.9 KB
View on SEC.gov