Form 4: Stayce D. Harris Reports Acquisition of Performance Rights in BlackRock Credit Allocation Income Trust

Director Stayce D. Harris reports acquiring performance rights convertible to cash value of BlackRock Credit Allocation Income Trust shares under the BlackRock Deferred Compensation Plan.

Summary

• Stayce D. Harris, a director of BlackRock Credit Allocation Income Trust (BTZ), filed a Form 4.
• The form reports the acquisition of performance rights under the BlackRock Deferred Compensation Plan on July 1, 2024.
• Harris acquired 796.39 performance rights, each convertible into the cash value of one share of BTZ common stock.
• The price of the derivative security is $10.67.
• Following the transaction, Harris beneficially owns 10,417.82 derivative securities.
• The performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing indicating insider activity related to a compensation plan. It doesn't inherently suggest positive or negative sentiment, but rather reflects standard corporate governance practices.

Future Outlook

The performance rights will be settled 100% in cash at the deferral period chosen by the reporting person.

Industry Context

This filing reflects standard practice for reporting changes in beneficial ownership by company insiders, particularly concerning equity-based compensation plans. It provides transparency to investors regarding the alignment of management's interests with those of shareholders.

Stakeholder Impact

• The acquisition of performance rights aligns the director's interests with those of shareholders, as the value is tied to the performance of the company's stock.

Key Dates