Form 4: BlackRock Credit Allocation Income Trust: Director Hubbard Reports Acquisition of Performance Rights
SEC Form 4 Filing
Director Robert Glenn Hubbard reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares.
Summary
- On January 2, 2025, Robert Glenn Hubbard, a director of BlackRock Credit Allocation Income Trust, acquired 1,187.47 performance rights.
- These performance rights are convertible into the cash value of shares of BlackRock Credit Allocation Income Trust.
- The price of the derivative security is $10.5.
- Following the transaction, Hubbard directly owns 65,557.17 performance rights.
- The performance rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at the end of the deferral period chosen by Hubbard.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in the financial industry. It provides transparency into the actions of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Acquisition of performance rights |
| 01/06/2025 | Date of signature for the Form 4 filing |
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