Andrews Stephen John 4

What Happened
Stephen Andrews, a portfolio manager for BlackRock Enhanced International Dividend Trust (BGY), received an award of 766.513 phantom shares on January 30, 2026. The award is reported at an economic value of $5.98 per phantom share, for a total grant value of approximately $4,584. This was an award (compensation), not a market purchase or sale.

Key Details

• Transaction date: 2026-01-30; filing date: 2026-02-03 (filed within the standard 2-business-day Form 4 window).
• Instrument: 766.513 phantom shares (derivative award) valued at $5.98 each; total reported value ≈ $4,584.
• Shares owned after transaction: Not reported in this Form 4.
• Footnotes: F1 — phantom shares are the economic equivalent of one share and become payable in cash subject to vesting. F2 — these phantom shares vest in equal installments on each of the first three anniversaries of the award.
• Transaction type: A = Award/Grant (derivative), not a market purchase or sale.

Context: Phantom-share awards are a form of deferred cash compensation tied to the company’s share value; they do not transfer actual stock and typically pay out in cash as they vest. As a compensation grant, this transaction reflects pay structure rather than an insider buying or selling stock.