McClements Kyle 4

4 · BlackRock Enhanced Equity Dividend Trust · Filed Feb 3, 2026

AI-generated summary of this filing

Updated Feb 4, 2026

BlackRock BDJ PM Kyle McClements Receives Cash-Settled Phantom Shares

What Happened

Kyle McClements, a portfolio manager for BlackRock Enhanced Equity Dividend Trust (BDJ), had multiple phantom-share derivative transactions report on 2026-01-30. The filing shows a disposition (cash settlement) of 3,377.105 phantom shares at $9.61 for $32,454 and a grant/award of 3,596.878 phantom shares valued at $9.61 each ($34,566). Several additional small derivative conversions/dispositions (1,342.871; 1,274.516; 759.718 shares) were also reported that reflect conversion/settlement activity (no per-share price shown for those lines).

Key Details

Transaction date: 2026-01-30; filing date (Form 4): 2026-02-03 — filed on time (within required two business days).
Prices and totals shown: disposition to issuer 3,377.105 shares @ $9.61 = $32,454; grant/award 3,596.878 shares @ $9.61 = $34,566. Other M-coded conversions list share counts with N/A price.
Shares owned after the transactions: not disclosed in the provided filing excerpt.
Footnotes: these are "phantom shares" (F1) — cash-settled equivalents of common shares. Footnotes F2–F4 indicate these phantom awards were originally granted on January 31 of 2023, 2024 and 2025 and vest in equal installments on each of the first three anniversaries (F5).
Transaction codes: A = grant/award; D = disposition to issuer (often a cash settlement or surrender to cover withholding); M = exercise or conversion of a derivative. These records reflect vesting/settlement of cash-settled awards rather than open-market trades.

Context

Phantom shares are cash-settled awards; this filing documents vesting and cash settlement activity rather than a public market sale or open-market purchase. Such transactions are typically routine compensation or tax-withholding related events and do not directly signal open-market buying or selling by the insider.

Form 4

Period: 2026-01-30

Other

Transactions

Exercise/Conversion
Common Stock
[F1][F2][F3][F4]
2026-01-30+3,377.105→ 22,089.018 total
Disposition to Issuer
Common Stock
[F1][F2][F3][F4]
2026-01-30$9.61/sh−3,377.105$32,454→ 18,711.914 total
Award
Phantom Shares
[F1][F5]
2026-01-30$9.61/sh+3,596.878$34,566→ 3,596.878 total
→ Common Stock (3,596.878 underlying)
Exercise/Conversion
Phantom Shares
[F1][F2]
2026-01-30−1,342.871→ 2,685.743 total
→ Common Stock (1,342.871 underlying)
Exercise/Conversion
Phantom Shares
[F1][F3]
2026-01-30−1,274.516→ 1,274.516 total
→ Common Stock (1,274.516 underlying)
Exercise/Conversion
Phantom Shares
[F1][F4]
2026-01-30−759.718→ 0 total
→ Common Stock (759.718 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

1 file