Form 4: BlackRock Credit Allocation Income Trust Director, Lorenzo Flores, Reports Acquisition of Performance Rights
SEC Form 4
Director Lorenzo Flores reports acquisition of performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares.
Summary
- On October 1, 2024, Lorenzo Flores, a director of BlackRock Credit Allocation Income Trust, reported acquiring 801.74 performance rights.
- These performance rights are convertible into the cash value of BlackRock Credit Allocation Income Trust shares.
- The price of each performance right is $11.25.
- Following the transaction, Flores directly owns 11,690.23 shares.
- The performance rights were accrued under the BlackRock Deferred Compensation Plan and will 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.
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 signal confidence in the company's future performance to shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of earliest transaction: Acquisition of performance rights. |
| 10/03/2024 | Date of signature for the report. |
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