Form 4: BlackRock Credit Allocation Income Trust: Portfolio Manager Hung Charley Reports Transactions in BTZ
SEC Form 4 Filing
Portfolio Manager Hung Charley reports transactions involving common stock and phantom shares of BlackRock Credit Allocation Income Trust (BTZ) on January 31, 2025.
Summary
- On January 31, 2025, Hung Charley, a Portfolio Manager at BlackRock Credit Allocation Income Trust (BTZ), engaged in transactions involving the company's common stock and phantom shares.
- These transactions included the acquisition and disposition of common stock, as well as the vesting of phantom shares.
- The reported transactions resulted in a change in the amount of securities beneficially owned by Hung Charley.
- Some phantom shares vest in equal installments on each of the first three anniversaries of the award.
Sentiment
Score: 5
Explanation: This is a standard regulatory filing, so the sentiment is neutral. It simply reports transactions.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for individuals with insider access to company information. It provides transparency into the transactions of company insiders, allowing investors to monitor potential changes in ownership and sentiment.
Stakeholder Impact
- The transactions may provide insights to shareholders regarding the portfolio manager's view of the company's prospects.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | Previous Form 4 filing regarding phantom shares granted on January 31, 2023. |
| 01/31/2023 | Phantom shares granted to the Reporting Person payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| 02/02/2024 | Previous Form 4 filing regarding phantom shares granted on January 31, 2024. |
| 01/31/2024 | Phantom shares granted to the Reporting Person payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date. |
| 01/31/2025 | Date of transactions involving common stock and phantom shares. |
| 02/04/2025 | Date of the Form 4 filing. |
Keywords
Form 4, BlackRock Credit Allocation Income Trust, BTZ, Hung Charley, Portfolio Manager, Common Stock, Phantom Shares, Beneficial Ownership, Transaction
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.