STOCK TITAN

BTZ (BLACKROCK CREDIT ALLOCATION INCOME TRUST) director granted 837.73 cash-settled performance rights

(Neutral)
(Neutral)
Form Type
4

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 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)
  1. F1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  2. F2. One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
  3. F3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
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
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""

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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.

Did the BTZ Form 4 show any share purchases or sales by Stayce D. Harris?

The Form 4 did not show open-market share purchases or sales. It reported an acquisition of 837.73 Performance Rights as a grant under a deferred compensation plan, which is a compensation-related derivative award rather than a direct buy or sell of BTZ common stock in the market.
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Harris Stayce D.

(Last)(First)(Middle)
50 HUDSON YARDS

(Street)
NEW YORK NEW YORK 10001

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK CREDIT ALLOCATION INCOME TRUST [ BTZ ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
04/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Performance Rights(1)(2)04/01/2026A837.73 (3) (3)Common Stock837.73$10.1618,160.67D
Explanation of Responses:
1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
2. One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
3. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
/s/ Gladys Chang as Attorney-in-Fact04/03/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)