Flores Lorenzo 4

What Happened

• Lorenzo Flores, a director of BlackRock Ltd Duration Income Trust (BLW), was granted 800.71 performance rights on April 1, 2026. The filing lists a per‑unit reference price of $12.60, giving a notional value of $10,089. This was an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Filing date: 2026-04-03 (timely filed).
• Grant: 800.71 Performance Rights, $12.60 reference price, total notional value $10,089.
• Shares owned after transaction: Not reported in this Form 4.
• Transaction type: Award/Grant of derivative securities (performance rights).
• Footnotes from the filing:
  • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right converts into the cash value of one BLW share.
  • F3: Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.

Context

• These are cash‑settled performance rights (a deferred compensation award), not actual company shares. They give the holder the cash equivalent of one share per right at settlement rather than equity ownership. Such awards are common for deferred compensation and do not necessarily indicate a purchase or sale decision.