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Director at BlackRock Credit Allocation (NYSE: BTZ) granted cash-settled Performance Rights

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

Rhea-AI Filing Summary

Holloman James Phillip reported acquisition or exercise transactions in this Form 4 filing.

BLACKROCK CREDIT ALLOCATION INCOME TRUST director James Phillip Holloman received a new compensation award in the form of Performance Rights. On the reported date, he was granted 897.6 Performance Rights under the BlackRock Deferred Compensation Plan, each tied to the cash value of one common share of the trust. These rights are to be settled entirely in cash at a future deferral period chosen by Holloman, rather than in actual shares. Following this grant, his balance in this type of award stands at 20,789.75 Performance Rights.

Positive

  • None.

Negative

  • None.
Insider Holloman James Phillip
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 897.6 $10.22 $9K
Holdings After Transaction: Performance Rights — 20,789.75 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 897.6 rights Grant under BlackRock Deferred Compensation Plan on the reported date
Reference price per right $10.22 per unit Transaction price per Performance Right in the award
Total Performance Rights after grant 20,789.75 rights Holdings following the compensation award
Underlying security 897.6 common shares (cash value) Each Performance Right linked to one BTZ common share’s cash value
Exercise price $0.00 Performance Rights are cash-settled with no exercise cost
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", underlying_security_shares: "897.6000""

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FAQ

What insider transaction did BTZ director James Phillip Holloman report?
Director James Phillip Holloman reported receiving 897.6 Performance Rights as a compensation award. These rights were granted under the BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 20,789.75 units linked to the trust’s common shares.

Are the BTZ Performance Rights granted to the director settled in stock or cash?
The Performance Rights are settled 100% in cash, not in BTZ shares. Each right is linked to the cash value of one BlackRock Credit Allocation Income Trust common share, payable at a future deferral period selected by the director.

How many BTZ-linked Performance Rights does the director hold after this grant?
After receiving 897.6 additional Performance Rights, the director holds 20,789.75 rights in total. Each right corresponds to the cash value of one BlackRock Credit Allocation Income Trust common share, under the firm’s deferred compensation structure.

Does this BTZ Form 4 show an open-market stock purchase or sale?
No, the Form 4 shows a grant of Performance Rights as compensation, not an open-market trade. The award was coded as a grant or other acquisition and will be settled in cash based on BTZ’s share value at the chosen deferral date.

What is the economic reference value for the BTZ Performance Rights grant?
The filing lists a reference price of $10.22 per unit for the 897.6 Performance Rights. Each right is economically linked to the cash value of one BlackRock Credit Allocation Income Trust common share, though settlement will occur entirely in cash.
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*
Holloman James Phillip
(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)
07/01/2026		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)07/01/2026A897.6 (3) (3)Common Stock897.6$10.2220,789.75D
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-Fact07/06/2026
** 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