BlackRock Credit Allocation Income Trust (BTZ) director logs new cash-settled Performance Rights

Rhea-AI Filing Summary

BlackRock Credit Allocation Income Trust (BTZ) reported a director transaction involving deferred compensation. On 01/02/2026, the reporting person acquired 1,081.84 Performance Rights linked to the trust’s common stock under the BlackRock Deferred Compensation Plan. Each Performance Right represents the cash value of one share of BlackRock Credit Allocation Income Trust and is to be settled 100% in cash at a future deferral date chosen by the director.

Following this transaction, the director held 10,660.03 derivative securities on a direct basis. These instruments provide cash-based exposure to the trust’s common stock, rather than additional share issuance, and are part of the director’s non-derivative and derivative beneficial ownership reporting obligations.

SEC Form 4

FORM 4

UNITED 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

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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^*

Steinmetz Arthur Philip

(Last) (First) (Middle)

50 HUDSON YARDS

(Street)

NEW YORK NY 10001

(City) (State) (Zip)

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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/02/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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)
			Code	V	Amount	(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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Rights(1)	(2)	01/02/2026		A		1,081.84		(3)	(3)	Common Stock	1,081.84	$10.78	10,660.03	D

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-Fact	01/06/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction was reported for BLACKROCK CREDIT ALLOCATION INCOME TRUST (BTZ)?

The filing reports that on 01/02/2026 a director acquired 1,081.84 Performance Rights tied to BTZ common stock under the BlackRock Deferred Compensation Plan.

What are the Performance Rights reported for BTZ in this Form 4?

The Performance Rights are deferred compensation instruments where one Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.

How will the BTZ Performance Rights be settled for the reporting person?

The filing states that the Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.

How many derivative securities does the BTZ director hold after this transaction?

After the 01/02/2026 transaction, the director beneficially owns 10,660.03 derivative securities on a direct basis, as reported in the filing.

Does this BTZ insider transaction involve issuing new shares?

The filing describes Performance Rights that are settled entirely in cash based on the value of BTZ shares, indicating a cash-based arrangement rather than direct share issuance.

What role does the reporting person have at BLACKROCK CREDIT ALLOCATION INCOME TRUST (BTZ)?

The reporting person is identified as a Director of BlackRock Credit Allocation Income Trust.