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BlackRock Enhanced Equity Dividend Trust·4

Apr 3, 4:55 PM ET

KESTER W CARL 4

Research Summary

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BDJ Director Kester W. Carl Receives 75.7-Share Performance Award

What Happened
Kester W. Carl, a director of BlackRock Enhanced Equity Dividend Trust (BDJ), was granted 75.7 performance rights on April 1, 2026. The award is reported at an imputed value of $8.75 per right, totaling about $662. This was an award/grant (derivative), not an open‑market purchase or sale.

Key Details

  • Transaction date: 2026-04-01; Form filed: 2026-04-03 (filed timely).
  • Instrument: 75.7 Performance Rights granted at $8.75 each; total value ≈ $662. (Reported as a derivative award, code A.)
  • Shares owned after transaction: Not specified in the provided filing.
  • Footnotes:
    • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
    • F2: Each Performance Right converts into the cash value of one BDJ share (not an actual share).
    • F3: Rights are settled 100% in cash at the deferral period chosen by the reporting person.
  • No 10b5-1 plan, tax‑withholding sale, or immediate sale of underlying shares was indicated.

Context
This was a compensation grant that will be settled in cash based on BDJ's share value at payout, so it does not create new share ownership today and is different from an insider buying stock. Such awards are common for deferred compensation and do not by themselves signal a trading view on the stock.