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

Robert Glenn Hubbard, a director of BlackRock Credit Allocation Income Trust, reported the acquisition of performance rights convertible into cash based on the value of the company's common stock.

Summary

• On April 1, 2024, Robert Glenn Hubbard, a director of BlackRock Credit Allocation Income Trust (BTZ), acquired 1,171.85 performance rights.
• These performance rights are convertible into the cash value of an equivalent number of BlackRock Credit Allocation Income Trust shares.
• The price of the transaction was $10.59 per performance right.
• Following the transaction, Hubbard directly owns 57,818.1 derivative securities.
• 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, providing transparency to investors regarding the actions of company directors. It reflects Hubbard's participation in the company's deferred compensation plan.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and alignment with company performance.

Key Dates