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

BlackRock BTZ insider: 659.45 performance rights grant recorded

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

Rhea-AI Filing Summary

Flores Lorenzo, a director of BlackRock Credit Allocation Income Trust (BTZ), reported a grant of 659.45 Performance Rights on 10/01/2025. The filing states each Performance Right is convertible into the cash value of one share of BTZ and will be settled 100% in cash at the deferral date chosen by the reporting person under the BlackRock Deferred Compensation Plan. The report shows the reporting person currently beneficially owns 16,118.04 shares (direct).

Positive

  • 659.45 Performance Rights granted under the BlackRock Deferred Compensation Plan
  • Reporting person beneficially owns 16,118.04 shares (direct)
  • Performance Rights will be settled 100% in cash, per filing

Negative

  • None.

Insights

Director received performance-right grant and holds 16,118.04 shares.

The Form 4 discloses a grant of 659.45 Performance Rights under the BlackRock Deferred Compensation Plan, recorded with a transaction date of 10/01/2025. Each right is convertible into the cash value of one share and will be settled 100% in cash at the reporting person's chosen deferral date.

This filing documents an insider compensation event and updates the director's direct beneficial ownership to 16,118.04 shares; the disclosed details are procedural (compensation settlement mechanics) rather than a change in voting equity.

Insider Flores Lorenzo
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 659.45 $11.03 $7K
Holdings After Transaction: Performance Rights — 16,118.04 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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

FAQ

What transaction did BTZ director Flores Lorenzo report on Form 4?
The Form 4 reports a grant of 659.45 Performance Rights to Flores Lorenzo with a transaction date of 10/01/2025.

How will the Performance Rights be settled according to the filing?
The filing states the Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

How many BTZ shares does the reporting person beneficially own after the transaction?
The Form 4 shows the reporting person beneficially owns 16,118.04 shares (direct ownership).

Under which plan were the Performance Rights granted?
The Performance Rights were accrued under the BlackRock Deferred Compensation Plan, per the explanation in the filing.

What is the conversion feature of the Performance Rights?
The filing states one Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
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
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*
Flores Lorenzo
(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)
10/01/2025
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) 10/01/2025 A 659.45 (3) (3) Common Stock 659.45 $11.03 16,118.04 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 10/03/2025
** 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.

Source: View Original Filing on SEC EDGAR