Form 4: BlackRock Credit Allocation Income Trust: Director Steinmetz Reports Acquisition of Performance Rights
SEC Form 4 Filing
Director Arthur Philip Steinmetz reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares.
Summary
- On January 2, 2025, Arthur Philip Steinmetz, a director of BlackRock Credit Allocation Income Trust, acquired 1,112.27 performance rights under the BlackRock Deferred Compensation Plan.
- Each performance right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
- The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
- Following the transaction, Steinmetz directly owns 5,685.74 derivative securities.
Sentiment
Score: 5
Explanation: This is a routine filing indicating a director's acquisition of performance rights, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
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 |
|---|---|
| 01/02/2025 | Date of transaction: Acquisition of Performance Rights |
| 01/06/2025 | Date of signature for the report |
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