Stephen Minar
About Stephen Minar
Stephen Minar (born 1984) serves as Vice President of BlackRock Enhanced Equity Dividend Trust (BDJ), appointed in May 2025; he is a Managing Director of BlackRock, Inc. since 2023 and previously a Director of BlackRock, Inc. since 2018 . BDJ’s proxy states executive officers (other than the Chief Compliance Officer) receive no compensation from the Fund, indicating his cash and equity compensation is not Fund-paid . An initial Form 3 filed May 16, 2025 (event date May 8, 2025) reports no securities beneficially owned in BDJ . Education and individual performance metrics (e.g., TSR, revenue growth, EBITDA growth) are not disclosed in BDJ filings .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | 2023–Present | Not disclosed in BDJ filings |
| BlackRock, Inc. | Director | 2018–2023 | Not disclosed in BDJ filings |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Not disclosed in BDJ filings | — | — | — |
Fixed Compensation
| Component | Amount / Terms | Notes |
|---|---|---|
| Base salary | Not paid by BDJ | “With the exception of the CCO, executive officers receive no compensation from the Funds.” |
| Target bonus % | Not paid by BDJ | Compensation for executive officers is not Fund-paid |
| Actual bonus paid | Not paid by BDJ | Compensation for executive officers is not Fund-paid |
| Perquisites | Not disclosed | No perquisite disclosure for executive officers in BDJ filings |
Performance Compensation
| Metric | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at Fund level | — | — | — | — | BDJ does not compensate executive officers (other than CCO) |
Equity Ownership & Alignment
| Item | Value | Date | Source |
|---|---|---|---|
| Beneficial ownership (shares) | 0 (no securities beneficially owned) | Event date: 05/08/2025; Filed: 05/16/2025 | Form 3 |
| Officer title on Form 3 | Vice President | 05/16/2025 | Form 3 |
| Ownership as % of shares outstanding | 0% (implied by zero shares) | 05/16/2025 | Form 3 |
Address for executive officers: c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001
Employment Terms
| Term | Detail | Source |
|---|---|---|
| Position with Fund | Vice President | |
| Term of office | Annual; Since May 2025 | |
| Employer affiliation | Managing Director, BlackRock, Inc. (since 2023); Director, BlackRock, Inc. (since 2018) | |
| Fund-paid compensation | None (except CCO); executive officers receive no compensation from the Funds | |
| Indemnification | Mandatory indemnification for Fund directors/advisory board members/officers to full extent permitted under Charter, subject to exceptions (e.g., willful misfeasance, bad faith, gross negligence, reckless disregard) and required determinations |
Investment Implications
- Alignment and incentives: BDJ does not pay cash or equity compensation to executive officers (other than the CCO), limiting direct Fund-level pay-for-performance signals tied to BDJ outcomes .
- Insider selling pressure: Initial Form 3 shows zero beneficial ownership, suggesting minimal near-term selling pressure from this officer absent future purchases or grants .
- Retention and protection: Role is Fund Vice President with BlackRock affiliation; indemnification provisions are standard for CEF officers, but no Fund-level employment agreements, severance, or change-of-control economics are disclosed for executive officers, keeping transition economics opaque at the Fund level .
- Monitoring: As of May 16, 2025, no holdings were reported; monitor subsequent Section 16 filings for any changes in ownership and any 8-K Item 5.02 updates to roles or governance relevant to executive appointments/departures .