HUBBARD ROBERT GLENN 4

What Happened Robert Glenn Hubbard, a director of BlackRock Credit Allocation Income Trust (BTZ), was granted 1,187.66 performance rights on 2026-04-01 (reported on Form 4). The award is reported at an implied value of $10.16 per right, for a total reported value of approximately $12,067. This is an award/grant (transaction code A), not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-04-01; Form 4 filed: 2026-04-03 (filed timely).
• Instrument: 1,187.66 Performance Rights at $10.16 each; total implied value ~$12,067 (derivative award).
• Shares owned after transaction: not disclosed in the provided filing.
• Relevant footnotes:
  • The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  • Each Performance Right converts into the cash value of one BTZ share (not actual shares).
  • The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
• Transaction code: A (award/grant).

Context These are derivative awards (performance rights) that do not immediately deliver company stock. Instead, each right is payable in cash equal to the value of one BTZ share when the deferred payout is made. Such awards reflect compensation accruals under a deferred compensation plan rather than a purchase indicating direct market conviction.