Maloney Kevin 4
4 · BLACKROCK MUNIASSETS FUND, INC. · Filed Feb 3, 2026
Research Summary
AI-generated summary of this filing
BlackRock MUA Portfolio Manager Kevin Maloney Cashes Phantom Shares
What Happened
Kevin Maloney, a portfolio manager at BlackRock MuniAssets Fund, Inc. (MUA), had several derivative/phantom-share transactions on Jan 30, 2026. He converted/exercised phantom-share units totaling 384.867 units that were disposed to the issuer at $11.07 per unit for proceeds of $4,260. At the same time he was granted/awarded 329.72 phantom-share units valued at $11.07 each (~$3,650). The conversions consisted of three derivative exercises of 108.345, 79.721 and 196.801 units (these represent vested installments of prior phantom-share awards).
Key Details
- Transaction date: January 30, 2026; Form 4 filed February 3, 2026.
- Prices/values: Disposition to issuer of 384.867 units at $11.07 = $4,260; new award of 329.72 units at $11.07 ≈ $3,650.
- Transaction codes: M = exercise/conversion of derivative; D = disposition to issuer; A = grant/award (phantom shares).
- Shares owned after transaction: not disclosed in the filing.
- Footnotes: Phantom shares are cash-settled economic equivalents of one common share (F1). The converted units reflect vesting installments from prior grants (grants dated Jan 31 of 2023–2025, vesting in three equal annual installments; F2–F4). The new award vests in equal installments on each of the first three anniversaries (F5).
- Filing timeliness: Form filed Feb 3, 2026 (no late-filing flag reported in the summary provided).
Context
These were cash-settled phantom-share events tied to compensation vesting, not open-market stock trades. The conversion + immediate disposition means Maloney received cash for vested phantom units rather than acquiring or selling actual common stock on the market. New phantom awards are future cash compensation subject to vesting and do not change outstanding common shares. Such routine, compensation-related transactions are common and do not necessarily indicate the insider’s market view.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1][F2][F3][F4]2026-01-30+384.867→ 384.867 total - Disposition to Issuer
Common Stock
[F1][F2][F3][F4]2026-01-30$11.07/sh−384.867$4,260→ 0 total - Award
Phantom Shares
[F1][F5]2026-01-30$11.07/sh+329.72$3,650→ 329.72 total→ Common Stock (329.72 underlying) - Exercise/Conversion
Phantom Shares
[F1][F2]2026-01-30−108.345→ 216.689 total→ Common Stock (108.345 underlying) - Exercise/Conversion
Phantom Shares
[F1][F3]2026-01-30−79.721→ 79.721 total→ Common Stock (79.721 underlying) - Exercise/Conversion
Phantom Shares
[F1][F4]2026-01-30−196.801→ 0 total→ Common Stock (196.801 underlying)
Footnotes (5)
- [F1]A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash.
- [F2]As previously reported on a Form 4 dated February 4, 2025, the Reporting Person was granted phantom shares on January 31, 2025 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
- [F3]As previously reported on a Form 4 dated February 2, 2024, the Reporting Person was granted phantom shares on January 31, 2024 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
- [F4]As previously reported on a Form 4 dated February 2, 2023, the Reporting Person was granted phantom shares on January 31, 2023 payable in cash on vesting, which occurs in equal installments on each of the first three anniversaries of the grant date.
- [F5]These phantom shares vest in equal installments on each of the first three anniversaries of the award.