Form 4: BlackRock Credit Allocation Income Trust Director Reports Acquisition of Performance Rights
SEC Form 4 Filing
Stayce D. Harris, a director of BlackRock Credit Allocation Income Trust, reports acquiring performance rights convertible to cash based on the value of the company's common stock.
Summary
- Stayce D. Harris, a director at BlackRock Credit Allocation Income Trust (BTZ), filed a Form 4 indicating a transaction involving derivative securities.
- On January 2, 2025, Harris acquired 808.71 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 is $10.5.
- Harris directly owns 12,489.56 shares of common stock following the reported transaction.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as directors and officers) buy or sell the company's securities. This filing indicates changes in beneficial ownership and provides transparency to the market.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Acquisition of performance rights. |
| 01/06/2025 | Date of report filing. |
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