HUBBARD ROBERT GLENN 4

What Happened

• Director Robert Glenn Hubbard received a grant of 722.31 performance rights (reported as an Award, code A) on 2026-07-01. The units are reported at a per-share equivalent of $9.57, representing a notional value of approximately $6,913. This is a derivative award (performance rights), not an open-market purchase of shares.

Key Details

• Transaction date and terms: 2026-07-01; 722.31 performance rights @ $9.57 each (total ~$6,913).
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Footnotes: (1) Rights were accrued under the BlackRock Deferred Compensation Plan; (2) each Performance Right converts into the cash value of one BDJ share; (3) the Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.
• Filing: Form 4 was filed 2026-07-06 (five days after the reported transaction), which is later than the typical two-business-day reporting window for Form 4s.

Context

• These performance rights are deferred-compensation awards settled in cash (no new BDJ shares were issued immediately and nothing was sold). Such awards are typically compensation for directors and do not by themselves indicate a buy or sell signal in the market.