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BLACKROCK Ltd DURATION INCOME TRUST·4

Jul 6, 5:55 PM ET

Harris Stayce D. 4

Research Summary

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BLW Director Stayce D. Harris Receives Performance Rights

What Happened

Stayce D. Harris, a director of BlackRock Ltd Duration Income Trust (ticker: BLW), was granted 691.64 performance rights on July 1, 2026. The filing values the grant at $12.46 per unit for a total reported value of about $8,618. This was an award/grant (derivative) under the company's deferred compensation arrangements, not an open‑market purchase or a share sale.

Key Details

  • Transaction date: 2026-07-01; Report filed: 2026-07-06 (see Form 4 for timeliness details).
  • Transaction type/code: Award/Grant (A).
  • Amount: 691.64 performance rights at $12.46 each; reported aggregate value ~$8,618.
  • Shares owned after transaction: Not specified in the summary data provided.
  • Footnotes from the filing:
    • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
    • F2: Each Performance Right converts to the cash value of one share of BLW.
    • F3: Rights will be settled 100% in cash at the deferral period chosen by the reporting person.

Context

This was a deferred-compensation award of performance rights (a derivative), not issuance of common stock. Because the rights convert to the cash value of shares and will be settled in cash, this grant does not immediately increase the director’s voting shares or public float. Awards to directors under deferred compensation plans are common and typically reflect compensation, not an expressed market bet.