HUBBARD ROBERT GLENN 4

What Happened Robert Glenn Hubbard (Director) was granted 330.71 performance rights on April 1, 2026. The award is reported at an imputed price of $21.48 per right, for a total value of $7,104. This transaction is coded as an award/acquisition (A) and represents a derivative, not an open‑market stock purchase.

Key Details

• Transaction date and terms: 2026-04-01 — 330.71 performance rights @ $21.48 each (total $7,104).
• Transaction type: Award/Grant (code A); reported as a derivative instrument.
• Settlement: Performance rights are to be settled 100% in cash (not shares) at the deferral date chosen by the reporting person (See footnotes F1–F3).
  • F1: Accrued under BlackRock Deferred Compensation Plan.
  • F2: One Performance Right converts into the cash value of one share.
  • F3: Settled 100% in cash at the chosen deferral period.
• Shares/rights owned after transaction: Not disclosed in this filing.
• Filing: Form 4 filed 2026-04-03 for a 2026-04-01 grant — appears timely (no late‑filing indicator).

Context This was an award of performance rights (derivative, cash‑settled), commonly used in deferred compensation plans to link pay to company performance. Because the award converts to cash rather than issuing shares, it does not immediately change the insider’s equity stake and does not represent an open‑market purchase or sale. Such grants are typically part of standard director compensation and should be viewed as compensation, not a direct buy/sell signal.