BlackRock Credit Allocation (BTZ) Director Kester W. Carl Receives Award

What Happened
Kester W. Carl, a director of BlackRock Credit Allocation Income Trust (BTZ), received an award of 11.33 performance rights on August 3, 2026. The filing lists a per-right reference value of $10.00, for a total notional value of $113. This was an award/accrual under a deferred compensation arrangement (derivative transaction), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-03; Form 4 filed: 2026-08-05 (appears timely).
• Transaction type: Award/Grant (code A) of Performance Rights.
• Amount: 11.33 performance rights at a $10.00 reference = $113 total (not cash received now).
• Shares owned after transaction: not disclosed in the Form 4.
• Footnotes from the filing:
  • 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 will be settled 100% in cash at the deferral period chosen by the reporting person.

Context
These are derivative performance rights (deferred compensation), which convert to a cash amount tied to BTZ's share value when settled—so this award does not immediately increase Mr. Carl’s share count. Such grants are routine compensation for directors and do not directly signal an open‑market purchase or sale.