Flores Lorenzo 4

What Happened

• Director Flores Lorenzo received a grant of 223.46 performance rights (reported as an acquisition) on 2026-07-01. The per-unit report price is $25.77, giving a notional value of approximately $5,759. This was an award/accrual under the company's deferred compensation program, not an open-market purchase of common stock.

Key Details

• Transaction date: 2026-07-01; Filing/Report date: 2026-07-06 (Form 4 accession 0001193125-26-296540).
• Grant: 223.46 performance rights at $25.77 per right; total notional value ≈ $5,759.
• Shares owned after transaction: Not reported in this filing (these are performance rights, not immediate common-stock shares).
• Footnotes from the filing:
  • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right converts 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.
• Filing timeliness: The document lists the filing date and transaction date; Form 4s are generally due within two business days of the transaction—investors may want to confirm timeliness if that is a concern.

Context

• These are cash-settled performance rights (derivative awards) rather than immediate stock grants or purchases; they entitle the holder to the cash value tied to the fund’s share price at settlement. Such awards are typically part of deferred compensation and do not directly change voting power or current common-share ownership.