Flores Lorenzo 4
Research Summary
AI-generated summary
BlackRock Enhanced Large Cap (CII) Director Flores Lorenzo Receives Award
What Happened
Flores Lorenzo, a director of BlackRock Enhanced Large Cap Core Fund, Inc. (CII), was granted 273.39 performance rights on 2026-04-01. The award is reported at an implied per‑share value of $21.48, for a total reported value of $5,872. This was an award/accrual under a deferred compensation plan (not an open‑market purchase or sale).
Key Details
- Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (timely filing).
- Instrument: 273.39 Performance Rights; reported price/value: $21.48 per right; total value: $5,872.
- Shares owned after transaction: not disclosed in the filing.
- Footnotes in filing:
- F1: Rights accrued under the BlackRock Deferred Compensation Plan.
- F2: One Performance Right is convertible into the cash value of one share of CII.
- F3: Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.
- Transaction code: A (award/grant/acquisition of a derivative).
Context
These are cash‑settled performance rights, meaning Lorenzo did not receive actual shares or additional voting power; each right converts to the cash value of one share when settled. Such awards are a routine form of director compensation and do not on their own indicate buying or selling of stock in the open market.