HUBBARD ROBERT GLENN 4

What Happened Robert Glenn Hubbard, a director of BlackRock Credit Allocation Income Trust (BTZ), was granted 1,182.72 performance rights on 2026-07-01. The filing values the award at $10.22 per right for a total of $12,087. This transaction is recorded as an award/acquisition (derivative) rather than an open‑market purchase of shares.

Key Details

• Transaction date: 2026-07-01; Filing date: 2026-07-06.
• Instrument: 1,182.72 Performance Rights; reported price/value: $10.22 per right; total reported value ≈ $12,087. (Transaction code A = award/acquisition; derivative.)
• Shares owned after transaction: not specified in the provided filing.
• Footnotes:
  • F1: Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: Each Performance Right is convertible into the cash value of one BTZ share.
  • F3: Rights will be settled 100% in cash at the deferral period chosen by the reporting person.
• Timeliness: Filing occurred five days after the transaction; this appears later than the standard two-business-day Form 4 reporting window.

Context These are cash‑settled performance rights (phantom shares) tied to BTZ share value and will be paid in cash when vested/deferral period is chosen. Because the award is settled in cash rather than issuing stock, it does not immediately change equity ownership and is not the same signal as an insider buying shares on the open market.