BlackRock Credit Trust director granted performance rights

BLACKROCK CREDIT ALLOCATION INCOME TRUST director Arthur Philip Steinmetz reported a compensation grant of cash-settled performance rights.

Rhea-AI Filing Summary

BLACKROCK CREDIT ALLOCATION INCOME TRUST director Arthur Philip Steinmetz reported a compensation grant of cash-settled performance rights. On this Form 4, he acquired 1,079.58 Performance Rights, each tied to the value of one BTZ common share at a reference price of $10.22 per right.

The Performance Rights were accrued under the BlackRock Deferred Compensation Plan and will be settled 100% in cash at a future deferral date chosen by Steinmetz, rather than in stock. Following this grant, his reported balance in these Performance Rights is 13,486.91 units.

Insider Trade Summary

Grant/Award: 1,079.58 shares

Grant/Award 1 txn

Insider Steinmetz Arthur Philip

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Performance Rights	1,079.58	$10.22	$11K

Holdings After Transaction: Performance Rights — 13,486.91 contracts (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.

Key Figures

Performance Rights granted: 1,079.58 units Reference price per right: $10.22 per right Performance Rights after grant: 13,486.91 units +1 more

4 metrics

Performance Rights granted 1,079.58 units Grant of Performance Rights on 2026-07-01

Reference price per right $10.22 per right Value used for this Performance Rights grant

Performance Rights after grant 13,486.91 units Total Performance Rights following reported transaction

Underlying security 1,079.58 BTZ common share equivalents Each Performance Right tracks one BTZ common share’s cash value

Key Terms

Performance Rights, BlackRock Deferred Compensation Plan, underlying security, cash value, +1 more

5 terms

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."

underlying security financial

"underlying_security_title: "Common Stock" and underlying_security_shares: "1079.5800""

cash value financial

"One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust."

Cash value is the amount of money you could get right away if an asset or contract were converted to cash or surrendered, after any fees or penalties. Think of it like the cash you could pull out of a savings jar when you need it; for investors it signals how much immediate liquidity or recoverable worth exists in an investment, insurance policy, or balance-sheet item.

settled 100% in cash financial

"The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Arthur Philip Steinmetz report in his Form 4 for BTZ?

Arthur Philip Steinmetz reported receiving 1,079.58 Performance Rights linked to BLACKROCK CREDIT ALLOCATION INCOME TRUST. These rights were granted as compensation and reference the value of BTZ common shares, but are structured to be settled entirely in cash at a future deferral date.

How many Performance Rights does Arthur Philip Steinmetz hold after this BTZ filing?

After this grant, Arthur Philip Steinmetz holds 13,486.91 Performance Rights related to BLACKROCK CREDIT ALLOCATION INCOME TRUST. These units represent a deferred compensation balance that tracks BTZ’s share value and is designed to be paid out in cash, not in actual shares.

Are the BTZ Performance Rights reported by Steinmetz paid in stock or cash?

The Performance Rights reported by Steinmetz are to be settled 100% in cash. Each right tracks the cash value of one BTZ common share, but the filing specifies they will be paid out in cash at the deferral period he selected, not as share delivery.

What is the reference price for the BTZ Performance Rights granted to Steinmetz?

The Form 4 shows a reference price of $10.22 per Performance Right. This figure represents the value used for this compensation grant and corresponds to the cash value per right, each tied to one BLACKROCK CREDIT ALLOCATION INCOME TRUST common share for valuation purposes.

What plan governs the Performance Rights reported in the BTZ Form 4?

The Performance Rights were accrued under the BlackRock Deferred Compensation Plan. This plan allows Steinmetz to defer compensation into units that mirror BTZ’s share value, with the filing stating that the rights are ultimately settled entirely in cash at his chosen deferral period.

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

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Accepted by SEC EDGAR 07/06/2026 - 06:04 PM Learn about SEC filing dates

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^*

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)

X	Director		10% 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)

X	Form 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)
			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)	07/01/2026		A		1,079.58		(3)	(3)	Common Stock	1,079.58	$10.22	13,486.91	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	07/06/2026
	** 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.
* Form 4: SEC 1474 (03-26)