Harris Stayce D. 4

What Happened Stayce D. Harris, a director of BlackRock Credit Allocation Income Trust (BTZ), received an award of 837.73 performance rights on 2026-04-01. The reported grant has an attributable price of $10.16 per right, for a nominal aggregate value of about $8,511. This was an award of performance-based deferred compensation (a derivative grant), not an open-market purchase or sale.

Key Details

• Transaction date and terms: 2026-04-01 — 837.73 Performance Rights granted at $10.16 per right (aggregate ~$8,511). Transaction code: A (award/acquisition, derivative).
• Shares owned after transaction: Not specified in this filing.
• Footnotes:
  • The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  • Each Performance Right is convertible into the cash value of one share of BTZ.
  • The Performance Rights will be settled 100% in cash at the deferral period chosen by the reporting person.
• Filing timeliness: Reported on 2026-04-03 (two days after the transaction), appearing to be timely under Form 4 rules.

Context These performance rights are a form of deferred compensation and are cash-settled, meaning the reporting person will receive the cash value tied to BTZ shares at settlement rather than receiving actual shares now. Awards like this reflect compensation arrangements and do not by themselves signal an immediate bullish or bearish trade by the insider.