BTZ: director Robert Hubbard received 1,309.66 shares

What happened The filing reports Robert Glenn Hubbard, a director, received 1,309.66 performance rights on Oct 1, 2026, at $9.34 per right for a total reported value of $12,232. The transaction is listed as an award/grant (A) of a derivative.

Key details

• Transaction date and price: Oct 1, 2026 — 1,309.66 performance rights at $9.34 each (total $12,232).
• Transaction type: A (award/grant); derivative instrument (performance rights).
• Shares owned after the transaction: not reported in this filing.
• Filing date: Form 4 filed Oct 5, 2026.
• Footnotes from the filing: the performance rights were accrued under the BlackRock Deferred Compensation Plan; one performance right is convertible into the cash value of one share of BlackRock Credit Allocation Income Trust; the performance rights are to be settled 100% in cash at the deferral period chosen by the reporting person.

Why it may matter This filing reports a grant of performance rights that convert to the cash value of shares and will be settled entirely in cash at the chosen deferral date. A filing does not show why the insider traded or why the company acted.