BTZ (BLACKROCK CREDIT ALLOCATION INCOME TRUST) director granted 837.73 cash-settled performance rights
Rhea-AI Filing Summary
Harris Stayce D. reported acquisition or exercise transactions in this Form 4 filing.
BLACKROCK CREDIT ALLOCATION INCOME TRUST director Stayce D. Harris received a grant of 837.73 Performance Rights tied to the trust’s common stock. These rights were accrued under the BlackRock Deferred Compensation Plan and represent the cash value of an equivalent number of BTZ shares.
Each Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust and will be settled 100% in cash at the deferral period chosen by the director. Following this award, Harris holds a total of 18,160.67 Performance Rights reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Harris Stayce D.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 837.73 | $10.16 | $9K |
Holdings After Transaction:
Performance Rights — 18,160.67 shares (Direct)
Footnotes (3)
- F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
- F2. One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
- F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Key Figures
Performance Rights granted: 837.73 rights
Grant reference value: $10.16 per right
Total rights after grant: 18,160.67 rights
+2 more
5 metrics
Performance Rights granted
837.73 rights
Grant on April 1, 2026 to director Stayce D. Harris
Grant reference value
$10.16 per right
Reported transaction price per Performance Right
Total rights after grant
18,160.67 rights
Performance Rights held following this acquisition
Conversion ratio
1:1 to BTZ share cash value
Each Performance Right equals cash value of one BTZ share
Exercise price
$0.00
Conversion or exercise price for Performance Rights
Key Terms
Performance Rights, BlackRock Deferred Compensation Plan, deferral period, underlying security
4 terms
Performance Rights financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
Performance rights are conditional awards that give employees or executives the promise of receiving company shares or cash only if the business meets specific targets or survives for a set period. They work like a bonus you only get when certain goals are hit, so they matter to investors because they can increase the number of shares outstanding (dilution), signal management’s incentives and confidence in future results, and affect per-share earnings and valuation.
BlackRock Deferred Compensation Plan financial
"The Performance Rights were accrued under the BlackRock Deferred Compensation Plan."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
underlying security financial
"underlying_security_title": "Common Stock""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did BTZ director Stayce D. Harris report?
Stayce D. Harris reported receiving 837.73 Performance Rights as a compensation award. These derivative rights track the cash value of BlackRock Credit Allocation Income Trust common shares and increase the director’s deferred compensation position rather than reflecting an open-market stock purchase or sale.
How many BTZ Performance Rights does Stayce D. Harris hold after this grant?
After the April 1 grant, Stayce D. Harris holds 18,160.67 Performance Rights. This total reflects the newly awarded 837.73 rights plus previously accrued rights and represents deferred compensation linked to the trust’s common stock value, settled entirely in cash rather than actual share delivery.
What are Performance Rights in the context of BTZ’s Form 4 filing?
In this filing, Performance Rights are derivative awards accrued under the BlackRock Deferred Compensation Plan. Each right is convertible into the cash value of one BTZ share and will be settled 100% in cash at a future deferral date selected by the reporting director, not through share issuance.
Are BTZ Performance Rights settled in stock or cash for Stayce D. Harris?
The Performance Rights reported for Stayce D. Harris are settled entirely in cash. Each right corresponds to the cash value of one BlackRock Credit Allocation Income Trust share and is paid at the chosen deferral period, meaning no actual BTZ shares are issued upon settlement.