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

Catherine A. Lynch, a director of BlackRock Credit Allocation Income Trust, reported the acquisition of performance rights convertible to cash based on the value of the company's common stock.

Summary

• On October 1, 2024, Catherine A. Lynch, a director of BlackRock Credit Allocation Income Trust (BTZ), acquired performance rights under the BlackRock Deferred Compensation Plan.
• The transaction involved the acquisition of 121.47 performance rights at a price of $11.25 each.
• Each performance right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust common stock.
• These rights are to be settled 100% in cash at the end of the deferral period chosen by the reporting person.
• Following the reported transaction, Ms. Lynch directly owns 8,376.31 shares.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and deferred compensation plans, common in the financial services industry.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it involves the acquisition of performance rights by a director under a deferred compensation plan.

Key Dates