Greenen Molly 4

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.