HUBBARD ROBERT GLENN 4

What Happened
Robert Glenn Hubbard, a director of BlackRock Ltd Duration Income Trust (BLW), was granted 980.56 performance-rights units on 2026-07-01. The filing shows an acquisition price basis of $12.46 per share-equivalent, valuing the award at about $12,218. This was an award under a deferred compensation arrangement (an accrual of performance rights), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-07-01; Form 4 filed: 2026-07-06 (filed after the typical 2-business-day deadline; appears late relative to usual Form 4 timing).
• Transaction type/code: A — Grant/award (derivative performance rights).
• Amount: 980.56 performance-rights units @ $12.46 each; total reported value ≈ $12,218.
• Shares owned after transaction: Not specified in the filing.
• Footnotes summarized:
  • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right is convertible into the cash value of one BLW share.
  • F3: The Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.

Context
These are derivative, cash-settled performance rights (an award), meaning Hubbard did not receive company shares immediately and will receive a cash payment tied to the share value at settlement. Such awards are commonly part of director compensation and do not necessarily signal a personal bullish or bearish view on the stock. The late filing may be procedural and is worth noting for timeliness compliance.