Form 4: BlackRock Credit Allocation Income Trust Director Acquires Performance Rights

Director Arthur Philip Steinmetz acquired performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares under the BlackRock Deferred Compensation Plan.

Summary

• On October 1, 2024, Arthur Philip Steinmetz, a director of BlackRock Credit Allocation Income Trust, acquired 1,036.68 performance rights.
• These performance rights were accrued under the BlackRock Deferred Compensation Plan.
• Each performance right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
• Following the transaction, Steinmetz directly owns 4,467.91 performance rights.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a transaction by a company director. It doesn't inherently convey positive or negative sentiment.

Positives

• The acquisition of performance rights by a director may signal confidence in the company's future performance.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders. This filing indicates a director's participation in a deferred compensation plan.

Stakeholder Impact

• The acquisition of performance rights by a director could be viewed positively by shareholders.

Key Dates