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

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 was granted 49.9700 Performance Rights on August 3, 2026 at $10.0000 per right under the BlackRock Deferred Compensation Plan. Each right tracks the cash value of one BTZ share and will be settled 100% in cash at a chosen deferral date, bringing his total Performance Rights holdings to 13,650.3800.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Steinmetz Arthur Philip

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Performance Rights F1, F2, F3	49.97	$10.00	$499.70

Holdings After Transaction: Performance Rights — 13,650.38 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.

Key Figures

Performance Rights granted: 49.9700 units Grant price per Performance Right: $10.0000 Total Performance Rights after grant: 13,650.3800 units

3 metrics

Performance Rights granted 49.9700 units Grant to Arthur Philip Steinmetz on August 3, 2026

Grant price per Performance Right $10.0000 Value per Performance Right at grant

Total Performance Rights after grant 13,650.3800 units Deferred Performance Rights held by Arthur Philip Steinmetz after transaction

Key Terms

Performance Rights, BlackRock Deferred Compensation Plan, deferral period

3 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."

deferral period financial

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

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

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Available on EDGAR 08/05/2026 - 05:36 PM Accepted by SEC EDGAR 08/05/2026 - 05:36 PM Learn about SEC filing dates

FAQ

What insider transaction in BTZ involved Arthur Philip Steinmetz?

Arthur Philip Steinmetz received 49.9700 Performance Rights linked to BTZ on August 3, 2026. The rights were granted at $10.0000 each under the BlackRock Deferred Compensation Plan and increase his total Performance Rights holdings to 13,650.3800 units.

How many Performance Rights tied to BTZ were granted to Arthur Philip Steinmetz?

Arthur Philip Steinmetz was granted 49.9700 Performance Rights tied to BTZ’s share value. These Performance Rights are part of a deferred compensation arrangement and are in addition to his pre-existing holdings, which total 13,650.3800 Performance Rights after the grant.

Are the BTZ Performance Rights granted to Arthur Philip Steinmetz stock or cash-settled?

The Performance Rights are 100% cash-settled, not delivered in BTZ shares. Each right converts into the cash value of one BlackRock Credit Allocation Income Trust share at a future deferral date selected by the reporting person under the plan.

What is the value per Performance Right in the BTZ-related grant to Arthur Philip Steinmetz?

Each granted Performance Right was valued at $10.0000 per unit. This per-right value applies to the 49.9700 Performance Rights accrued under the BlackRock Deferred Compensation Plan in this reported transaction.

What is Arthur Philip Steinmetz’s total Performance Rights exposure to BTZ after this transaction?

Following the grant, Arthur Philip Steinmetz holds 13,650.3800 Performance Rights tied to BTZ’s share value. These rights represent deferred compensation and will be settled entirely in cash at the deferral period he has chosen.

Was the BTZ Performance Rights grant to Arthur Philip Steinmetz made under a Rule 10b5-1 plan?

The Rule 10b5-1 checkbox for this report is not marked as an affirmative plan. The transaction reflects a grant of cash-settled Performance Rights under the BlackRock Deferred Compensation Plan rather than sales or purchases under a trading plan.

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)
08/03/2026

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)	08/03/2026		A		49.97		(3)	(3)	Common Stock	49.97	$10	13,650.38	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	08/05/2026
	** 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)