Form 4: BlackRock Credit Allocation Income Trust: Director Flores Reports Acquisition of Performance Rights

Director Lorenzo Flores reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares.

Summary

• On April 1, 2024, Director Lorenzo Flores acquired performance rights under the BlackRock Deferred Compensation Plan.
• These rights are convertible into the cash value of 848.58 shares of BlackRock Credit Allocation Income Trust (BTZ).
• The price of the derivative security is $10.59.
• Following the transaction, Flores directly owns 9,565.25 derivative securities.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It simply reports a transaction.

Future Outlook

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

Industry Context

Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities. This filing indicates a change in Director Flores' beneficial ownership of BlackRock Credit Allocation Income Trust securities.

Stakeholder Impact

• The acquisition of performance rights by a director may be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates