BLW: director Flores Lorenzo received 857.42 shares

What happened

• Flores Lorenzo, a director, received an award of 857.42 performance rights on Oct 1, 2026, at a price of $11.70 per right, for a total value of $10,032.
• The filing describes the grant as performance rights that are convertible into the cash value of shares and are to be settled in cash.

Key details

• Transaction date and price: Oct 1, 2026 — 857.42 performance rights at $11.70 per right (transaction code A, award/grant).
• Shares owned after the transaction: the filing does not report shares owned after the transaction.
• Footnotes from the filing:
  • F1: The performance rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: One performance right is convertible into the cash value of one share of BlackRock Limited Duration Income Trust.
  • F3: The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
• Filing timeliness: the filing does not indicate a late filing.

Why it may matter

• This was an award of performance rights (a derivative grant) that will be settled in cash rather than an open-market purchase or sale.
• A filing does not show why the insider traded or why the company acted.