Harris Stayce D. 4
Research Summary
AI-generated summary
BLW Director Stayce D. Harris Receives Performance Award
What Happened
Stayce D. Harris, a director of BlackRock Ltd Duration Income Trust (BLW), was granted 683.19 performance rights on 2026-04-01. The award is reported at a per-share equivalent of $12.60 for a total notional value of $8,608. The reported acquisition is a derivative award (transaction code A) — not an open-market stock purchase.
Key Details
- Transaction date: 2026-04-01; filing dated 2026-04-03.
- Grant details: 683.19 performance rights @ $12.60 per share-equivalent; total notional value $8,608.
- Shares owned after transaction: not reported on this Form 4.
- Footnotes: (1) Rights were accrued under the BlackRock Deferred Compensation Plan; (2) each Performance Right converts into the cash value of one BLW share; (3) the rights will be settled 100% in cash at the deferral period chosen by the reporting person.
- Timeliness: filing appears timely (no late filing noted).
Context
This was a deferred-compensation award (performance rights) that will be settled in cash based on BLW share value, not an immediate issuance of common shares. Such awards are common for directors and reflect compensation, not a direct buy or sell signal.