Form 4: BlackRock Credit Allocation Income Trust Director Reports Acquisition of Performance Rights
SEC Form 4 Filing
Director Carl Kester reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares.
Summary
- On April 1, 2024, Carl W Kester, a director of BlackRock Credit Allocation Income Trust, reported acquiring 221.59 performance rights.
- These performance rights were accrued under the BlackRock Deferred Compensation Plan.
- Each performance right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust common stock.
- The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
- Following the transaction, Kester directly owns 25,089.73 derivative securities.
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 shareholders, employees, customers, suppliers, and creditors as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of transaction: Acquisition of performance rights. |
| 04/03/2024 | Date of signature for the Form 4 filing. |
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