Form 4: BlackRock Credit Allocation Income Trust Director Acquires Performance Rights
SEC Form 4 Filing
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 April 1, 2024, Arthur Philip Steinmetz, a director of BlackRock Credit Allocation Income Trust, acquired 1,214.54 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 will be settled 100% in cash at the deferral period chosen by the reporting person.
- Following the transaction, Steinmetz directly owns 2,206.47 derivative securities.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of performance rights indicates a continued alignment of the director's interests with the company's performance.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding the compensation structure for directors.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Arthur Philip Steinmetz acquired performance rights. |
| 04/03/2024 | Date of signature for the SEC filing. |
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