KESTER W CARL 4

What Happened

• Kester W. Carl, a director of BlackRock Enhanced Equity Dividend Trust (BDJ), was granted 62.24 performance rights on 2026-07-01 at a reported per-unit value of $9.57, totaling roughly $596. This was an award/grant (derivative acquisition), not an open-market purchase or sale.

Key Details

• Transaction date and filing: Grant dated 2026-07-01; Form 4 filed 2026-07-06 (appears to be filed after the typical two-business-day Form 4 window).
• Securities: 62.24 Performance Rights @ $9.57 per right; aggregate value ≈ $596.
• Derivative status: Yes — performance rights (not shares); coded as an Award/Grant (A).
• Shares owned after transaction: Not disclosed in the filing.
• Notable footnotes:
  • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right converts to the cash value of one BDJ share (not actual shares).
  • F3: Rights will be settled 100% in cash at the deferral period chosen by the reporting person.

Context

• These Performance Rights are cash-settled deferred compensation, so they do not immediately increase share ownership, voting power, or trigger an immediate sale. Awards like this are commonly routine compensation for directors and officials; they are informational but do not necessarily signal a buy/sell intent.