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  4. [Form 4] BLACKROCK CREDIT ALLOCATION INCOME TRUST Insider Trading Activity

Director at BlackRock Credit Trust (NYSE: BTZ) receives cash-settled award

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

Rhea-AI Filing Summary

Steinmetz Arthur Philip reported acquisition or exercise transactions in this Form 4 filing.

BLACKROCK CREDIT ALLOCATION INCOME TRUST director Arthur Philip Steinmetz received a grant of 1,189.230 Performance Rights on the trust, treated as a derivative award. Each right reflects the cash value of one common share of the trust.

The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and have a reference value of $10.16 per right. They are to be settled 100% in cash at the deferral period chosen by Steinmetz, so there is no direct open-market share purchase or sale. Following this award, his reported Performance Rights balance is 12,108.230.

Positive

  • None.

Negative

  • None.
Insider Steinmetz Arthur Philip
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 1,189.23 $10.16 $12K
Holdings After Transaction: Performance Rights — 12,108.23 shares (Direct)
Footnotes (1)
  1. The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust. The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
Performance Rights granted 1,189.230 rights Grant on April 1, 2026
Reference price per right $10.16 per right Transaction price per Performance Right
Total Performance Rights after grant 12,108.230 rights Holdings following the reported transaction
Conversion price $0.00 Conversion or exercise price for Performance Rights
Underlying security 1,189.230 common shares (cash value) Each right equals cash value of one BTZ 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."
cash value of one share financial
"One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust."
settled 100% in cash financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
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Form 4 Insider Transactions: What Each Field Means →
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*
Steinmetz Arthur Philip
(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)04/01/2026A1,189.23 (3) (3)Common Stock1,189.23$10.1612,108.23D
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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did BTZ director Arthur Philip Steinmetz report?

Arthur Philip Steinmetz reported receiving 1,189.230 Performance Rights linked to BlackRock Credit Allocation Income Trust. These rights were granted as part of a deferred compensation arrangement rather than an open-market stock trade, and are structured to mirror the cash value of common shares.

Are the BTZ Performance Rights granted to Arthur Steinmetz actual shares?

The granted Performance Rights are not actual shares; they track the cash value of one BTZ common share each. According to the filing, they will be settled 100% in cash at a future deferral date selected by the director, not in stock.

How many BTZ Performance Rights does Arthur Steinmetz hold after this Form 4?

After this grant, Arthur Steinmetz is reported as holding 12,108.230 Performance Rights tied to BTZ. This total reflects the new 1,189.230-unit award on top of his prior balance, all under the BlackRock Deferred Compensation Plan structure.

What is the reference value per Performance Right in the BTZ filing?

Each Performance Right in the BTZ filing has a transaction price reference of $10.16 per right. One Performance Right corresponds to the cash value of one share of BlackRock Credit Allocation Income Trust, with settlement to be made entirely in cash.

Does the BTZ Form 4 show any open-market buy or sell by Arthur Steinmetz?

The Form 4 does not show an open-market buy or sell; it reports a grant of Performance Rights as compensation. These rights are accrued under a deferred compensation plan and will be paid out in cash, rather than reflecting a traded stock position.