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BlackRock Enhanced Equity Dividend Trust·4

Apr 3, 5:03 PM ET

HUBBARD ROBERT GLENN 4

Research Summary

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Updated

BDJ Director Robert Hubbard Receives 788 Performance Rights

What Happened

  • Robert Glenn Hubbard, a director of BlackRock Enhanced Equity Dividend Trust (BDJ), was awarded 788.16 performance rights on 2026-04-01. The award is reported at an $8.75 per-right value, totaling $6,896. This was an award/acquisition (transaction code A), not an open-market purchase or sale.

Key Details

  • Transaction date: 2026-04-01; reported on Form 4 filed 2026-04-03 (timely).
  • Quantity and value: 788.16 performance rights at $8.75 each, aggregate $6,896.
  • Shares owned after transaction: Not specified in the provided filing excerpt.
  • Footnotes from the filing:
    • F1: Rights accrued under the BlackRock Deferred Compensation Plan.
    • F2: Each performance right converts into the cash value of one BDJ share.
    • F3: The performance rights will be settled 100% in cash at the deferral period chosen by the reporting person.
  • Transaction type: Derivative award (cash‑settled performance rights), code A.

Context

  • These are performance rights (deferred compensation) that pay out in cash based on BDJ share value; they do not immediately issue shares, change voting power, or represent a direct stock purchase. For retail investors, cash‑settled awards are compensation, not a direct bullish purchase of stock.