Form 4: BlackRock Credit Allocation Income Trust Director Kester W Carl Reports Acquisition of Performance Rights

Director Kester W Carl reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares.

Summary

• On July 1, 2024, Kester W Carl, a director of BlackRock Credit Allocation Income Trust, acquired 221.02 performance rights under the BlackRock Deferred Compensation Plan.
• These performance rights are convertible into the cash value of BlackRock Credit Allocation Income Trust shares.
• The price of the derivative security is $10.67.
• Following the transaction, Kester W Carl directly owns 25,918.92 derivative securities.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices and insider confidence, but it's not a major event.

Industry Context

Form 4 filings are standard practice for company insiders (directors, officers, or those holding more than 10% of a company's shares) to report transactions in their company's stock to the SEC, ensuring transparency and preventing insider trading.

Stakeholder Impact

• The acquisition of performance rights by a director could signal confidence in the company's future performance to shareholders.

Key Dates