BTZ: director Flores Lorenzo received 1,064.09 shares

What happened

• Flores Lorenzo, a director, received 1,064.09 performance rights (reported as shares) on Oct 1, 2026. The filing shows a per-unit value of $9.34 and a total reported value of $9,939; the transaction is reported as a derivative award/acquisition.

Key details

• Transaction date and price: Oct 1, 2026 — award/acquisition of 1,064.09 performance rights at $9.34 per unit, total $9,939.
• Shares owned after the transaction: not reported in the filing.
• Relevant footnotes from the filing:
  • F1: The Performance Rights were accrued under the BlackRock Deferred Compensation Plan.
  • F2: One Performance Right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust.
  • F3: The Performance Rights are to be settled 100% in cash at the deferral period chosen by the reporting person.
• Form 4 filed Oct 5, 2026 (reporting period Oct 1, 2026).

Why it may matter

• This was a grant of performance rights (a derivative award) rather than a market purchase or sale; the rights are to be settled in cash rather than shares.
• The filing does not show why the insider traded or why the company acted.