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BlackRock Credit Allocation (NYSE: BTZ) grants Carl Kester 11.33 Performance Rights

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KESTER W CARL reported acquisition or exercise transactions in this Form 4 filing.

BlackRock Credit Allocation Income Trust director Carl Kester received a grant of 11.33 Performance Rights tied to its common stock at a reference value of $10.00 per right. These rights accrue under a deferred compensation plan, are settled 100% in cash, and raise his balance to 34,337.77 rights.

Positive

  • None.

Negative

  • None.
Insider KESTER W CARL
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights F1, F2, F3 11.33 $10.00 $113.30
Holdings After Transaction: Performance Rights — 34,337.77 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 11.3300 units Grant to director Carl Kester on 2026-08-03
Grant reference price $10.0000 per Performance Right Value per right on 2026-08-03 grant
Performance Rights after grant 34337.7700 units Total Performance Rights held directly by Carl Kester following the transaction
Underlying common stock equivalent 11.3300 shares Each Performance Right tied to cash value of one common share
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
"to be settled 100% in cash at the deferral period chosen"

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FAQ

What insider transaction did Carl Kester report for BTZ?
Director Carl Kester reported receiving a grant of 11.33 Performance Rights tied to BlackRock Credit Allocation Income Trust common stock at a reference value of $10.00 per right, increasing his cumulative Performance Rights balance to 34,337.77.

Are the Performance Rights reported for BTZ settled in stock or cash?
The reported Performance Rights are settled 100% in cash. Each right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust, payable at the deferral period chosen by Carl Kester under a deferred compensation plan.

How many Performance Rights does Carl Kester hold in BTZ after this grant?
After the grant, Carl Kester holds 34,337.77 Performance Rights. This includes the new 11.33 rights accrued under the BlackRock Deferred Compensation Plan and represents his total direct balance of cash-settled Performance Rights tied to BTZ common stock.

What is the economic reference value of the new BTZ Performance Rights grant?
The new grant has a reference value of $10.00 per Performance Right. Each of the 11.33 rights tracks the cash value of one share of BlackRock Credit Allocation Income Trust, though they are ultimately settled in cash rather than stock.

Under which plan were the BTZ Performance Rights accrued for Carl Kester?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. Under this plan, Kester chooses a deferral period, after which the cash value of the accumulated rights, each linked to one BTZ share, will be paid out.
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*
KESTER W CARL
(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)
08/03/2026		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)08/03/2026A11.33 (3) (3)Common Stock11.33$1034,337.77D
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-Fact08/05/2026
** 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)

Source: View Original Filing on SEC EDGAR