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

Director Stayce D. Harris reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares under the BlackRock Deferred Compensation Plan.

Summary

• On April 1, 2024, Stayce D. Harris, a director of BlackRock Credit Allocation Income Trust, acquired 798.07 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, Harris beneficially owns 9,393.73 derivative securities.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, and the transaction itself doesn't necessarily indicate positive or negative sentiment. It reflects participation in a deferred compensation plan.

Positives

• The acquisition of performance rights by a director could be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's participation in the company's deferred compensation plan.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of performance rights under a deferred compensation plan.

Key Dates