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Director at BlackRock Credit Trust (NYSE: BTZ) granted 901 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 reported receiving a grant of performance-based deferred compensation. On April 1, 2026, he was awarded 901.35 Performance Rights, each linked to the cash value of one share of BlackRock Credit Allocation Income Trust.

The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and carry a stated reference value of $10.16 per right. They are to be settled 100% in cash at a future deferral period chosen by Holloman, rather than in actual shares. Following this grant, his reported Performance Rights balance increased to 19,412.62 units.

Positive

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Negative

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Insider Holloman James Phillip
Role Director
Type Security Shares Price Value
Grant/Award Performance Rights 901.35 $10.16 $9K
Holdings After Transaction: Performance Rights — 19,412.62 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 901.35 units Grant on April 1, 2026
Reference value per right $10.16 per right April 1, 2026 award valuation
Total Performance Rights after grant 19,412.62 units Holdings following April 1, 2026 transaction
Conversion ratio 1 right : 1 share 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."
convertible into the cash value of one share financial
"One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust."
deferral period financial
"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."
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*
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)
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)04/01/2026A901.35 (3) (3)Common Stock901.35$10.1619,412.62D
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 James Phillip Holloman report?

Director James Phillip Holloman reported receiving 901.35 Performance Rights on April 1, 2026. These rights are a deferred compensation award tied to the cash value of BTZ shares and do not represent an open-market stock purchase or sale.

How many Performance Rights did the BTZ director hold after this grant?

After the April 1, 2026 grant, James Phillip Holloman held a total of 19,412.62 Performance Rights. This figure reflects cumulative deferred compensation awards linked to BTZ’s share value, all of which are structured to settle entirely in cash at future deferral dates.

Are the BTZ Performance Rights granted to the director settled in stock or cash?

The Performance Rights granted to the BTZ director are settled 100% in cash. Each right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust, payable at a deferral period selected by the reporting person rather than through share delivery.

What is the reference value per Performance Right in the BTZ Form 4 filing?

Each Performance Right in the BTZ filing carries a reference value of $10.16. This figure represents the per-unit value used for the April 1, 2026 award and is tied to the cash value of one BTZ share under the deferred compensation structure.

Are the BTZ Performance Rights an open-market investment by the director?

The BTZ Performance Rights are not an open-market investment. They were accrued under the BlackRock Deferred Compensation Plan as a grant or award, representing compensation linked to BTZ’s share value rather than voluntary buying or selling of common stock in the market.