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

Director James Phillip Holloman 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, James Phillip Holloman, a director of BlackRock Credit Allocation Income Trust, acquired 858.69 performance rights under the BlackRock Deferred Compensation Plan.
• These performance rights are convertible into the cash value of an equivalent number of BlackRock Credit Allocation Income Trust shares.
• The price of the derivative security was $10.59.
• Following the transaction, Holloman directly owns 10,001.46 derivative securities.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing. The acquisition of performance rights by a director is generally viewed as a neutral to slightly positive signal.

Positives

• The acquisition of performance rights by a director signals confidence in the company's future 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 acquisition of performance rights by a director may have a slightly positive impact on shareholder sentiment.

Key Dates