Form 4: BlackRock Credit Allocation Income Trust: Director Catherine A. Lynch Acquires Performance Rights

Director Catherine A. Lynch acquired performance rights convertible into cash value of BlackRock Credit Allocation Income Trust shares under the BlackRock Deferred Compensation Plan.

Summary

• Catherine A. Lynch, a director of BlackRock Credit Allocation Income Trust, acquired performance rights on July 1, 2025.
• The transaction involved the acquisition of 24.83 performance rights at a price of $10.99 each.
• These performance rights are convertible into the cash value of common stock of BlackRock Credit Allocation Income Trust.
• The performance rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at the deferral period chosen by the reporting person.
• Following the reported transaction, Catherine A. Lynch directly owns 9,061 securities.

Sentiment

Score: 5

Explanation: Neutral sentiment as the document reports a standard transaction related to executive compensation.

Positives

• The acquisition of performance rights indicates a continued alignment of the director's interests with the performance of BlackRock Credit Allocation Income Trust.
• The BlackRock Deferred Compensation Plan allows directors to defer compensation, potentially offering tax advantages and aligning long-term incentives.

Future Outlook

The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Industry Context

This filing reflects standard practices for executive compensation and deferred compensation plans within publicly traded companies, aligning executive incentives with shareholder value.

Comparison to Industry Standards

• Deferred compensation plans are a common practice among publicly traded companies to attract and retain key personnel.
• Performance rights are often used as a component of executive compensation to align management's interests with the company's long-term performance.
• The specific terms of deferred compensation plans and performance rights can vary significantly between companies based on industry, company size, and executive compensation philosophy.

Stakeholder Impact

• Shareholders: The transaction reflects standard executive compensation practices, aligning director interests with company performance.
• Employees: The BlackRock Deferred Compensation Plan may serve as a model for other employee compensation programs.
• Company: The transaction ensures continued alignment of director incentives with the company's long-term success.

Key Dates

Recommendation

Keywords

BlackRock Credit Allocation Income Trust, Director, Catherine A. Lynch, Performance Rights, Deferred Compensation Plan, SEC Form 4, Beneficial Ownership, BTZ