Flores Lorenzo 4

What Happened Lorenzo Flores, a director of BlackRock Credit Allocation Income Trust (ticker: BTZ), was granted 981.82 performance rights on 2026-04-01. The filing reports an acquisition value calculated at $10.16 per right, equal to about $9,975. This was an award under a deferred compensation arrangement, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed 2026-04-03 (timely filing).
• Grant: 981.82 performance rights at $10.16 per right (aggregate ≈ $9,975). Transaction code: A (award/grant).
• Shares owned after transaction: Not specified in the provided excerpt.
• Footnotes:
  • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right converts into the cash value of one BTZ share.
  • F3: Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
• No indication this was a 10b5-1 trade, tax withholding, or a cashless exercise; it's a compensation grant.

Context Performance rights are a form of deferred compensation tied to company share value and are typically settled in cash here, so this grant does not represent a direct purchase or sale of BTZ stock by the director. Such awards are routine compensation and should not be interpreted as the director buying or selling BTZ shares on the open market.