Greenen Molly 4
4 · BlackRock Enhanced International Dividend Trust · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BGY Molly Greenen Sells Shares After Exercising Phantom Awards
What Happened
- Molly Greenen, a portfolio manager for BlackRock Enhanced International Dividend Trust (BGY), exercised/converted derivative/phantom share awards on Jan 30, 2026 and surrendered a portion back to the issuer. The filing shows a disposition to the issuer of 4,840.344 shares at $5.98 per share for $28,945. She was also granted 1,158.549 phantom shares valued at $5.98 each ($6,928).
- The Form 4 lists three additional exercise/conversion entries (1,754.797; 1,453.72; 1,631.827 shares) reported with no per-share price (cash-settled conversions), bringing the total exercised/converted derivatives reported that day to 9,680.688 shares (combining all M and D entries).
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 3, 2026 (within the normal two-business-day reporting window).
- Reported sale to issuer: 4,840.344 shares @ $5.98 = $28,945.
- Reported award: 1,158.549 phantom shares @ $5.98 = $6,928 (derivative/award entry).
- Other derivative conversions: 1,754.797; 1,453.72; 1,631.827 shares — listed as exercises/conversions (no per-share cash price shown).
- Shares owned after the transactions are not specified in the provided data.
- Footnotes: Phantom shares are cash-settled equivalents of common shares and vest/pay out in equal installments on each of the first three anniversaries of the grant (prior grants from Jan 31 of 2023, 2024 and 2025 are noted).
Context
- These transactions center on phantom (cash-settled) awards rather than open-market buy/sell trades. The disposition to the issuer likely reflects surrendering shares to cover tax withholding or similar settlement obligations common with exercises/conversions of awards; the filing shows cash amounts only where applicable. Phantom-share grants and vesting schedules (cash payout on vesting) mean these moves are routine compensation settlements rather than direct market bets by the insider.
Insider Transaction Report
Form 4
Greenen Molly
Other
Transactions
- Exercise/Conversion
Common Stock
[F1][F2][F3][F4]2026-01-30+4,840.344→ 4,840.344 total - Disposition to Issuer
Common Stock
[F1][F2][F3][F4]2026-01-30$5.98/sh−4,840.344$28,945→ 0 total - Award
Phantom Shares
[F1][F5]2026-01-30$5.98/sh+1,158.549$6,928→ 1,158.549 total→ Common Stock (1,158.549 underlying) - Exercise/Conversion
Phantom Shares
[F1][F2]2026-01-30−1,754.797→ 3,509.593 total→ Common Stock (1,754.797 underlying) - Exercise/Conversion
Phantom Shares
[F1][F3]2026-01-30−1,453.72→ 1,453.72 total→ Common Stock (1,453.72 underlying) - Exercise/Conversion
Phantom Shares
[F1][F4]2026-01-30−1,631.827→ 0 total→ Common Stock (1,631.827 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